AUTOMOTIVE
The Asset Management Company of Nigeria (AMCON), the country's 'bad bank' set up following the banking crisis, is close to selling Peugeot Automobile Nigeria (PAN), a local car assembly joint venture, to Africa's richest man, Aliko Dangote, and two Nigerian states. "We have concluded all processes on the bids since about two months ago, all we are waiting for (now) is the approval of the central bank," Ahmed Kuru, AMCON's chief executive, told Reuters on Friday.
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