Nigeria: Why Flour Mills, Niger Mills Are Merging

30 January 2013

One of Nigeria's largest flour milling company, Flour Mills of Nigeria Plc has notified the Nigerian Stock Exchange, NSE, that its Board and that of Niger Mills Company Limited are negotiating a merger, according to information from Renaissance Capital, an investment bank, on updates in the Nigerian Stock Exchange.

The proposed merger scheme will be undertaken in pursuant to Part XII of the Investment and Securities Act No. 29 of 2007.

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