Son of South Africa’s second-richest man acquires Nigeria’s biggest beverage can maker

Billionaire businessman and conservationist Jonathan Oppenheimer, the son of South Africa’s second-richest man Nicky Oppenheimer, has acquired full ownership of GZ Industries (GZI), Nigeria’s largest beverage can manufacturer, from Affirma Capital. The strategic move cements the Oppenheimer family’s influence in Africa’s economic sphere.

Affirma Capital, formerly known as Standard Chartered Private Equity, confirmed the deal in a statement on Thursday.

Affirma Capital’s involvement in GZI dates back to 2012. The latest transaction, facilitated by Jonathan Oppenheimer, and executed through Oppenheimer Partners Ltd., solidifies the Oppenheimer family’s foothold in Africa’s economic landscape.

Source: Billionaires Africa