News Formal

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

  • 📰 PremiumTimesng
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 78%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

The merging of both subsidiaries of UAC of Nigeria Plc, has been more than one year in the works.

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.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 3. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

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
Källa: MobilePunch - 🏆 8. / 63 Läs mer »

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.
Källa: TheNationNews - 🏆 6. / 69 Läs mer »