Local, international investors eye Arik, Aero

Many local and international investors are showing interest in investing in Arik Air and Aero Contractors, our correspondent has learnt.

It was gathered that since the Asset Management Corporation of Nigeria made it known that it planned to divest its shares in the airlines, there had been a lot of interests from investors within and outside the country.

The Head, Corporate Communications, AMCON, Jude Nwauzor, however, told The PUNCH that the corporation had yet to get a good offer for the transaction.

“We need to get a good offer and reach an agreement before we can say we have concluded the transaction and this takes a long process,” he said.

The Punch, November 15, 2018

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