Following the acquisition of 58.61% equity interest in Ashaka Cement Plc by Lafarge Cement Wapco Nigeria Plc (now Lafarge Africa Plc) in September 2014, Lafarge Africa made a mandatory tender offer (MTO) for minority interest in line with the provisions of section 131 (1) (a) of the ISA.
FBN Holdings Plc (“FBN Holdings”) is pleased to announce that, together with its wholly-owned subsidiary, FBN Capital Limited, it has completed the acquisition of a 54% equity interest in Kakawa Discount House Limited (“Kakawa”). Consequently, FBN Holdings is now the beneficial owner of 100% share capital of Kakawa Discount House Limited.
Aiteo Group has debunked news reports in some print and online newspapers about its reported interest/intent, along with a retinue of bidders for the acquisition of the downstream oil assets of Oando Plc.
The detailed reasons and motive behind most merger deals, for most are shareholders or/and the retail investing publics may not be well known, as the market ramps up its drive to improve its information flows and exchanges.