Tag: Bagco

Merger: NSE Suspends BAGCO shares

By Richard ABANGWU InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) Monday suspended the trading in shares of Bag Manufacturing Company Plc (BAGCO) following the proposed Scheme of Merger between the Company and Flourmills of Nigeria Plc. This is coming on the heels of a Notice by Stanbic IBTC, Stockbrokers to […]

Shareholders approve Flour Mills, BAGCO merger

The proposed merger scheme between Flour Mills of Nigeria Plc and Nigerian Bags Manufacturing Company Plc has received shareholders’ approval. A statement by Flour Mills on Wednesday, said that the shareholders of both companies gave their approval during a court-ordered meeting. The shareholders at the meeting said that the move […]