Dangote Secures Licence for New Peugeot Plant in Nigeria

Google+ Pinterest LinkedIn Tumblr +

Dangote Group has been granted a franchise by the Peugeot of France Groupe to construct and operate an assembly plant in Nigeria, Nairametrics has reported.

A franchise is a type of license that a party (franchisee) acquires to allow them to have access to a business’s (the franchiser) proprietary knowledge, processes, and trademarks in order to allow the party to sell a product or provide a service under the business’s name

The new assembly plant by Dangote-Peugeot Automobile Nigeria Limited DPAN is a joint venture between Dangote Industries Limite, the Kaduna State Government, and Peugeot of France PSA Groupe.

This is coming after Dangote group made an initial ₦11 billion bid for majority stake in Peugeot Automobile Nigeria (PAN) from the Asset Management Company of Nigeria AMCON, an exercise which has remained unresolved for more than a year

Share.

About Author

Leave A Reply