/ 28 June 2001

FOREIGN FIRMS EYE NIGERDOCK

SEVEN foreign firms and a Nigerian company are seeking to invest in the 51% equity put up for sale in Nigeria’s ship-building and repair company, Nigerdock, officials said on Wednesday. Nigeria’s privatisation agency, the Bureau of Public Enterprises (BPE) received the applications before the June 18 close of bidding, BPE representative Joseph Anichebe said. The Nigerian government plans to divest 51% of the equity in Nigerdock to a core investor with the remainder going to the Nigerian public, he said. – AFP

Wednesday 27, 2001