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GREENWICH TRUST LIMITED

– INVITATION TO BID FOR A PLANT IN NIGERIA

GREENWICH TRUST LIMITED

Greenwich invites investors to bid for a plant in Nigeria.

A State in the South West of Nigeria seeks to divest the majority of its stake in an independent power plant (IPP or the plant).
Closing date for submissions is 3pm (Nigerian time) on Monday, 22 June 2020.

The plant was solely conceived and developed by the State and is 90% to completion. The development of the plant is part of the State’s efforts to support infrastructural development aimed at driving industrialisation within the State.

Consequently, the State has engaged Greenwich Trust Limited (Greenwich) to act as its financial adviser in connection with the proposed sale of majority stake in the Plant.

On behalf of the State, Greenwich is pleased to invite prospective investors (PIs) to formally submit an Expression of Interest (EOI) indicating their interest to bid for the sale. The proposed sale is hereinafter denoted as (the transaction).
The transaction shall be by way of a competitive bidding process.

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