EuroMena III, the latest of the EuroMena Funds, and Amethis Finance, an investment vehicle dedicated for Africa, and other co-investors, have extended a convertible loan for Elephant Africa Holding, the holding entity of Bel Papyrus and Bel Impex operating in Nigeria, producers of tissue paper products in Nigeria. The value of the investment is $50 million, $15 million of which were secured by EuroMena III, said Romen Mathieu, Managing Partner of The EuroMena Funds.
Founded by brothers An...
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