Private Equity House Emerging Capital Partners (ECP) May Sell Stake in Nigeria's Continental Reinsurance

Femi Oyetunji, CEO and Group Managing Director, Continental Reinsurance

Emerging Capital Partners, a private-equity firm that has raised more than $2 billion for investments in Africa, is considering selling its majority stake in Nigeria’s Continental Reinsurance Plc.

The buyout firm’s Africa Fund II is “exploring” the sale of C-Re Holding Ltd., which owns about 50.6 percent of the Lagos-based reinsurer, Continental Re said today in a filing to the Nigerian Stock Exchange.

Read more: Emerging Capital May Sell Stake in Nigeria’s Continental Re – Businessweek.