August 30, 2017/NSE Following International breweries Plc.’s (“IBPIc”) announcement on 6 June 2017 regarding the proposed merger among lBPIc, lntafact Beverages Limited (‘Intafact” and Pabod Breweries Limited (“Pabod”) subject to requisite regulatory and shareholders’ approvals, we have now received the requisite pre-merger approvals from the Securities and Exchange Commission (“SEC”) […]
Investors Bite
Flour Mills of Nigeria: Core Momentum Inspires Fresh Upside
Culled—Proshare 29/8/2017/ ARM Research The stone the builders rejected… Prior to the FX-induced equity rally in Nigeria, the food sub-sector bore the brunt of a challenging macro-economic environment as investors priced in effects of constrained consumer income, naira depreciation and high interest rate on the performance of food producers. The […]
Access Bank Redeems $350 million Eurobond
August 30, 2017/Access Bank Plc Access Bank Plc has announced the final redemption of the $350,000,000.00 Eurobond Notes due July 25, 2017. The Securities were issued in 2012 by Access Finance B.V. – a direct, wholly owned subsidiary of the Bank – on the back of an unconditional and irrevocable guarantee of the Bank. In October […]
