India, July 28 -- S&P Global Inc. (SPGI), a major financial intelligence provider, said on Tuesday that it has agreed to acquire a majority stake in Agusto & Company, a Pan-African rating agency with operations in Nigeria, Kenya, Rwanda, and Ghana. The financial terms of the transaction were not disclosed.
The acquisition is expected to be closed in the second half. This partnership aims to expand market insights, strengthen credit transparency, and support market participants across the region.
Yann Le Pallec, President, S&P Global Ratings, said: "We are delighted to partner with Agusto & Co. to strengthen our domestic ratings presence across Africa. Africa's opportunity is extraordinary..."
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