Tag: crown flour mills
Crown Flour Mills has acquired 100 per cent equity in Dangote Flour Mills for N120 billion through a scheme of arrangement. The Nigerian subsidiary of global food and agri-business conglomerate, Olam International, intends to maintain and expand Dangote Flour Mills businesses. Anurag Shukla, Managing Director of Crown Flour Mills a Subsidiary of Olam International and Ade Adefeko, Vice President of Corporate and Government Relations at Olam International Nigeria join CNBC Africa for more details on the acquisition and plans going forward.
Nigeria’s equities market opened today’s session in green. In market moving news, Crown Flour Mills has acquired Dangote Flour Mills for N120 billion. Seplat Petroleum Development Company says it has agreed to a cash acquisition of the entire issued ordinary share capital of Eland Oil and Gas as well as those to be issued. Moses Hammed, Investment Research Analyst at Investment One Financial Services joins me to discuss these stories.