A USD200 million bid to purchase African textiles company Vlisco has been rejected, despite support for the transaction from the African Continental Free Trade Area (AfCFTA).

The bid for Netherlands-headquartered Vlisco, which sells textiles almost exclusively in Africa, has been made by Made in Africa, a Pan-African organisation focusing on encouraging African urban culture.

For more information, please see https://iclg.com/alb/16948-vlisco-rejects-usd-200-million-acquisition-offer