CAP Plc, Premier Paints to merge into Nigeria’s biggest paint company

Chemical and Allied Products Plc and Portland Paints & Products Nigeria Plc are on track to execute a merger deal that will give rise to Nigeria’s biggest paint and chemical company by market capitalisation.

Equally, the deal will position the business to leverage the combined market shares and influence of the firms in delivering better shareholder’s value while pooling their assets together towards this end.assets, liabilities and business undertakings including real property and intellectual property rights to CAP,” the document added.

Portland Paints shareholders are at liberty to either receive N2.90 in cash for every share they own or accept one share in the enlarged entity in exchange for every eight they currently own.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

CSRF - Custodian Investment Plc.Custodian Social Responsibility Foundation (CSRF) is an independent Charitable Organization registered as an incorporated Trustees based in Lagos, Nigeria. It is the CSR arm of CUSTODIAN INVESTMENT GROUP comprising Custodian and Allied Insurance Limited, Custodian Life Assurance Limited, Custodian Trustees and CrusaderSterling Pensions Limited. CustodianPLC followlasg Great work ...well done CustodianPLC followlasg Why sabo yaba when dey can use another place too
Source: MobilePunch - 🏆 8. / 63 Read more »

BREAKING: Stock Exchange completes conversion to public company (PLC)The Nigerian Stock Exchange (NSE) has received final approvals for its ongoing conversion from a mutual, member-owned... This is great news.
Source: TheNationNews - 🏆 6. / 69 Read more »