BPOPF-backed fund buys Lobatse Clay Works

As BDC continues to divest some of its subsidiaries, BusinessWeek has learnt that the Botswana Opportunities Partnership (BOP), a private equity fund in which the BPOPF has invested P830 million, is buying an 80% stake into the Lobatse-based bricks and pavers manufacturing company.

The deal, which is currently before the Competition Authority for regulatory approval, will be done through BOP’s fund managers, Capital Management Botswana (CMB).