ARISE IIP Raises $700m with Vision Invest as New Shareholder, Expands Across Africa
ARISE Integrated Industrial Platforms (ARISE IIP) successfully secured a landmark $700 million capital raise, welcoming Vision Invest as a new shareholder. The capital raise, one of the largest private infrastructure deals in Nigeria, aims to fuel ARISE IIP's expansion across Africa to develop a sustainable industrial ecosystem.
The shareholder base includes Africa Finance Corporation (AFC), Equitane, Fund for Export Development in Africa (FEDA), and now Vision Invest. Gagan Gupta, CEO of ARISE IIP, emphasized the significance of this deal for the company's growth, aligning global capital with Africa's development agenda.
The partnership with Vision Invest marks a pivotal step in ARISE IIP's mission to create a green and inclusive industrial platform in Africa.
Plus234Feed summary based on reporting from Legit NG. Read the original report below.
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