By Peter OBIORA InvestAdvocate

Lagos (INVESTADVOCATE)-Nigeria’s leading congloromate in several industries, AG Leventis (Nigeria) Plc said on Tuesday it has entered into a joint venture agreement with South African Pick N Pay Retailers Limited.

“The indicative scope of services by the new company to be formed pursuant to the joint venture shall consist of retail services especially with respect to Fast Moving Consumer Goods (FMCG),” the company said in an issuer’s announcement with the Nigerian Stock Exchange (NSE).

Shares of AG Leventis at the close of trading on the Nigerian Bourse on Tuesday climbed up 4.88 percent to N1.43 from N1.32 recorded the previous session; gaining 0.04 kobo per share.

Click here to view full notice by AG Leventis (Nigeria) Plc