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Paratus Africa sells stake to Nimbus
A 26.5% stake of Paratus Africa's Namibian operation that is worth an amount of N$95-million has been obtained by Nimbus Infrastructure Limited.
The capital pool company bought eight percent of the issued share capital in Paratus for N$20-million and the balance of N$75-million in shares.
The deal creates potential growth Namibian entities to grow beyond Namibia's border. Paratus also plans on investing more than N$150-million on infrastructure in Namibia over the next three years
