Tag: BUA Group

BUA Says in Talks with Sinoma to Build $1.9 Billion Steel, Cement Plants-Reuters

By InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s top tier conglomerate, BUA Group said on Thursday it’s in talks with China’s Sinoma to build a steel plant in Nigeria and two (2) cement plants in East Africa worth $1.9 billion, a Reuters reported quoted Abdulsamad Rabiu, chairman of the Group. According to the report, […]

BUA Divests From Flour Milling Business In $275m Deal

January 11, 2015/Leadership By Blessing Anaro BUA Group has announced the divestment of its flour business to Olam International in a deal worth $275million. Speaking at the signing ceremony over the weekend, billionaire industrialist and founder, BUA Group, Abdulsamad Rabiu, said: “This signing marks a major milestone in our medium […]