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

📆 4/28/2019 9:59 PM
📰 BusinessTimes

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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.

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