The company - Dangote Flour Mills Plc - made this known in a corporate disclosure posted on the Nigerian Stock Exchange (NSE) on Tuesday.
Thabo Mabe, director at Dangote Flours, in the statement, said Olam International has indicated interest to acquire all the outstanding and issued shares of the flour mills company that are not currently owned by Ola through its subsidiary, Crown Flour Mills Limited.
According to the statement, as at the date, Olam International through its subsidiary, holds 5,113, 229 shares in the issued share capital of Dangote Flour Mills.
This is coming two years ago after the Group also sold a unit of the business, Dangote Noodle plant, to rival pasta maker De-United Foods Industries for N3.75 billion ($12.26 million).
Source: Pulse Nigeria