- Created: Friday, 25 May 2018 02:09
- Written by Oliver Schmalholz, NewsQuantified.com
- Hits: 102
CYPE is an oil and gas exploration firm which offers services throughout the United States. Their stock is up nearly 150% at the time of this writing, skyrocketing after the announcement of its sale of a majority stake to the Ibeto Cement Company, based in Nigeria. Its chairman, Dr. Cletus Ibeto, purchased a 70% stake in CYPE. Dr. Ibeto., a prominent billionaire in Nigeria’s fast-growing economy, plans to use to CYPE’s industrial process expertise in the construction of new cement plants (cement is currently a booming industry in West Africa’s regional economy).
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