News Formal

Nigeria flour maker to recommend Olam’s 130b naira acquisition offer to shareholders

  • 📰 BusinessTimes
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 51%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

AGRI and food giant Olam International said on Monday morning that the board of Nigerian flour and pasta manufacturer Dangote Flour Mills (DFM) has considered the binding offer for Olam to fully acquire DFM for 130 billion naira (S$491.09 million). Read more at The Business Times.

AGRI and food giant Olam International said on Monday morning that the board of Nigerian flour and pasta manufacturer Dangote Flour Mills has considered the binding offer for Olam to fully acquire DFM for 130 billion naira .

DFM’s board will recommend the offer to its shareholders for consideration, subject to obtaining regulatory approvals.for the proposed acquisition, which would include DFM’s five flour and pasta manufacturing facilities and its logistics capabilities, including access to the ports of Apapa and Calabar.Shares of Olam International closed flat at S$1.98 on Friday.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 15. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Singapore Singapore Latest News, Singapore Singapore Headlines

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

Stocks to watch: Olam, ComfortGelGro, Mapletree Commercial Trust, UIC, FCT, AA ReitTHE following companies saw new developments that may affect trading of their shares on Wednesday: Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »