Nigeria, Dec. 10 -- Talks to take over Beta Glass, Nigeria's second best-performing stock this year, by a new majority owner, Helios Investment Partners, has been completed with a deal reached to consummate the transaction at $100 million.

Frigoglass Group, the majority shareholder, closed the deal with the London-based private equity firm, with the understanding that cash settlement will follow latest by next March, Beta Glass announced Tuesday.

It will sell "the entirety of its shareholding in Frigoinvest Nigeria Holdings B.V, the holding company of its Nigeria glass business and Frigoglass Industries Nigeria Limited," the company said in a regulatory filing.

Frigoglass Industries and Frigoinvest Nigeria hold 61.9 per cent and 8.2 pe...