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Mergers & Acquisitions

the first firm to come to mind for mega transactions. - Chambers Global


Mergers & Acquisitions

Our Mergers and Acquisitions team has represented entities, principals, and financial advisors in countless public and private transactions. We have a track record of success in many of the most complex transactions that have taken place in Nigeria over the past few decades. Our team of lawyers advise at all stages of M&A, from due diligence all the way through to final completion. We work closely with our clients to understand their objectives and then carefully plan an effective strategy. Our areas of competence include Private Equity, Mergers, Acquisitions, Demergers, Restructuring, Schemes of Arrangement, Internal Restructuring, External Restructuring, and Amalgamation.

 

We played a pivotal role in a number of bank consolidation mergers over the course of the past decade and advised on the largest mergers ever to take place in Nigeria. We advised Dangote Cement Plc in the ground-breaking merger between Dangote Cement Plc and Benue Cement Company Plc. At the time, the transaction was the largest merger in Nigerian history and completely reshaped the Nigerian Capital Market as the merged entity not only added NGN2.1 trillion to the market, but also constituted 25% of the entire market capitalisation of the Nigerian Stock Exchange. Through transactions such as these, we demonstrate our ability to go beyond the traditional role of lawyers to drive transactions forward and empower clients to meet their business objectives.

 

 

Insights

Federal Competition and Consumer Protection Act, 2018: A New Regulatory Landscape for Mergers in Nigeria


On 5th February 2019, the Federal Competition and Consumer Protection Act (‘the Act’) received Presidential Assent and was passed into law. Prior to the enactment of the Act, the legal framework for competition in Nigeria was inadequate in comparison to the size of the economy. Apart from introducing a competition regime applicable to all sectors of the economy, the Act repeals the Consumer Protection Council Act and sections 118-128 of the Investment and Securities Act (ISA).

Further, the Act establishes the Federal Competition and Consumer Protection Commission (the Commission). The Act also establishes the Competition and Consumer Protection Tribunal (the Tribunal) which is vested with judicial powers to review decisions of the Commission and decisions of any sector specific regulatory authority and make rulings and orders as may be necessary.

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