uMunthu Investment Company II, a Mauritius-based private equity fund, is set to acquire a 26% stake in Hinckley Ewaste Recycling Limited, one of Nigeria’s leading electronic waste recyclers.
The details of the deal were revealed in a notification submitted to the Federal Competition and Consumer Protection Commission (FCCPC).
The investment, which will be executed via a Share Subscription Agreement, involves the acquisition of 47.8 million preference shares in Hinckley, marking a significant capital injection into the company’s operations.
