date:Jul 21, 2014
Nigerian drinks company Chi Ltd is exploring options including a potential sale that could value it at as much as $1 billion, according to sources familiar with the matter.
A sale of Chi, part of the unlisted conglomerate TGI Group, would be the latest investment opportunity in Africa's burgeoning food and drink sector for multi-nationals seeking to cash in on the continent's emerging middle class.
The Lagos-based maker of juices and nectars, milk and yogurt drinks and snack foods is being adv