Tag: Dangote Flour Mills

Crown Flour Mills buys Dangote Flour Mills for N120bn: How beneficial an investment will this be?

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.

Crown Flour buys Dangote Flour Mills: A review of Nigerian markets

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.

Olam offers to buy Dangote Flour Mills for N130bn

Dangote Flour Mills says it has received 130 billion naira binding offer from Singapore-based commodity trader Olam International. Adedayo Ayeni, Vice President, SSA Consumer at Renaissance Capital joins CNBC Africa to discuss this.