BUA Group plans Lagos share listing, merges five food units

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BUA Foods will be a combination of its five food businesses comprising pasta, edible oil, sugar, rice and flour units.

entity to be known as BUA Foods – a combination of its five food businesses comprising pasta, edible oil, sugar, rice and flour – on the Nigerian Exchange Limited in Lagos.

“It’s a huge business and it has a lot of impact, especially the plantation that we have in Kwara State. Because that is a 20,000-hectare project.” BUA’s Lagos and Port Harcourt sugar refineries have a combined production capacity of over 1.5 million tons per annum, with the Port-Harcourt plant being an export-based refinery, theMr Rabiu said an expansion project in flour milling and pasta will be delivered in Port Harcourt by mid-2022.

 

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