By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Union Dicon Salt Plc (UDS) on Friday said it has finalised agreement with GEA Westphalia of Germany to build the largest industrial starch processing facility in Nigeria. This is in furtherance of the Consumer Goods Company’s transformation strategy approved by its board of directors, to […]
Tag: Restructuring
Restructuring: UNIONDICON Earmarks $100 Million for Diversification-Cordros
By InvestAdvocate Lagos (INVESTADVOCATE)- Salt producer and food products firm, Union Dicon Salt Plc (UNIONDICON) said its seeking to restructure and has earmarked $100 million for diversification, according to Cordros capital company update. Cordros reported that the plan, according to its management is to transform the company from an integrated […]
Barclays reveals restructuring plan, to exit Africa as profits fall
Tue Mar 1, 2016/Reuters Barclays Plc reported a 2 percent fall in full-year adjusted pre-tax profit on Tuesday and unveiled plans to simplify its UK & international operations to boost returns and cut costs, primarily by exiting its historic African business. The British lender said it would sell down its […]
