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.
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:
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Oando PLC shareholders slam SEC with another lawsuit - Daily Post NigeriaAn unsatisfied shareholder of Oando PLC has slammed the Securities and Exchange Commission (SEC) with another lawsuit. The shareholders filed for an
Source: DailyPostNGR - 🏆 11. / 59 Read more »
BUA Cement Plc declares FY2020 profits of N95bn - Daily Post NigeriaBUA Cement, Nigeria’s second largest cement company, has announced full year revenues of N209billion in its unaudited 2020 Full Year financial accounts And it's useless to the masses, this to tell you both Government and the Business sector do not mind whatsoever will happen to the masses, they are just after their profits 😕
Source: DailyPostNGR - 🏆 11. / 59 Read more »
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
Source: MobilePunch - 🏆 8. / 63 Read more »
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.
Source: TheNationNews - 🏆 6. / 69 Read more »
Peter Obaseki Retires As Chief Operating Officer Of FCMB Group PlcThe Board of Directors of FCMB Group Plc has announced the retirement of Mr. Peter Obaseki, the Chief Operating Officer of the financial institution, with effect from March 1, 2021. He was also an ...
Source: MobilePunch - 🏆 8. / 63 Read more »