The manufacturer of personal healthcare products said the sale will reduce its exposure to naira fluctuations.In a statement on Thursday, PZCN said it will provide more information on the planned divestment once additional details are made available.
As of May 31, PZ Cussons holds a 73.27 percent stake in the Nigerian subsidiary, which represents 2.90 billion shares, worth N45.53 billion as of September 18.Wale Edun: Nigeria’s foreign reserves recorded $2.35bn net inflow in seven months
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