Nigeria's No.1 Business and Wealth Creation Forum:
Wealth Creation Resources | Make Money Online Discussions | Business Opportunities, Tips and Resources | Jobs/Vacancies and Much More!

Hello There, Guest! Login Register

Nigeria's No.1 Business and Wealth Creation Forum:
Wealth Creation Resources | Make Money Online Discussions | Business Opportunities, Tips and Resources | Jobs/Vacancies and Much More!

You are currently viewing this forum as a guest. Log in or Register Now! to gain full basic member access privileges.

Click here for Latest Jobs and Vacancies.

Are You Still Struggling To Make Money Online?...It Means You Haven't Seen This!


Dangote Is Selling Dangote Flour Mills For N130 Billion
#1
commy :
Africa's richest man, Aliko Dangote, is selling a business unit of his conglomerates, Dangote Flour Mills Plc, to Olam International at a value worth N130 billion, an equivalent of $361.11 million.

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
Reply


Possibly Related Threads...
Thread Views
  Our Refinery Will Transform Nigeria’s Economy - Dangote 51
  Dangote In Race To Buy Troubled ARM Cement 128
  Aliko Dangote Named 6th Most Charitable Person In The World 87