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 […]
Tag: Merger
Flour Mills set to merge with Niger Mills
Flour Mills of Nigeria Plc has announced plans to merge with one of its subsidiaries, Niger Mills Company Limited. A statement on Friday, stated that it held 99.97 per cent equity in Niger Mills, and the proposed merger would facilitate the consolidation of the companies’ operations and processes into a […]
WAPIC shareholders approve merger with Intercontinental Properties
The shareholders of WAPIC Insurance Plc, an arm of Access Bank Plc, have approved its merger with Intercontinental Properties Limited. This was in line with the ongoing restructuring of Access Bank Plc, in compliance with the Central Bank of Nigeria’s regulation on the scope of banking activities in the country. […]
