This was made known in a statement released on Thursday on the website of the company’s secretary, ALSEC Nominees Limited. The development comes as PZ Cussons International on Wednesday hinted at plans to sell its African business, stating that it has received several expressions of interest. The position was contained in a statement revealing its First Half Financial standing which ended on May 31, 2024, and showed that its revenues declined by 19.6 percent to £527.9 million.
However, the Nigeria subsidiary said, 'The Board of PZCN has not at this time received any formal notification or more detail on this matter from the parent company, and will make the necessary disclosures as and when it receives more information. 'Please note that the Company’s closed period, which commenced on September 1, 2024, will remain in effect until 24 hours after the release of the Unaudited Financial Statements for the first quarter ended 31 August 2024, to the market.