Afreximbank Provides $975 Million for Oryx SA Management Buyout
Afreximbank is providing $975 million for a management buyout of Oryx SA, Reuters reported.
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The African Export-Import Bank has disbursed $975 million to partly finance a management buyout of Africa-focused energy firm Oryx Energies SA, the Cairo-based lender said on Wednesday.A team that includes Oryx's Chief Executive Moussa Diao is buying out the firm from its founder. Oryx operates in…