Connect with us

Business

BREAKING: Flour Mills, Honeywell Flour Merge In N80b Dea

Published

on

Flour Mills of Nigeria (FMN) Plc and Honeywell Flour Mills have agreed to combine their businesses in a merger and acquisition deal valued at N80 billion.

 

Honeywell Group Limited (HGL), the parent company of Honeywell Flour Mills, and FMN, through its affiliates, are undertaking the business combination.

 

At a total enterprise value of N80 billion dispose off a 71.69 per cent stake in Honeywell Flours to FMN.

ALSO READ:

These Killings Must Stop, Hon. Adewale Osho Charges Sagamu Youths For Peace

The final equity price per share payable will be determined based on Honeywell Flour’s adjusted net debt and net working capital at the date of completion.

 

The proposed combination is subject to approval from the appropriate regulators.

 

The complementary transaction combines FMN’s market-leading offerings that include grain-based foods, sugar, starches, oils, spreads and breakfast cereals with Honeywell Flour’s diverse and differentiated range of carbohydrate products.

3 Comments

3 Comments

  1. Zaylee

    February 9, 2022 at 2:25 pm

    Does anyone know what happened to Dimepiece LA celebrity streetwear brand? I am unable to proceed to the checkout on Dimepiecela site. I have read in Harpers Bazaar that they were bought out by a UK-based hedge fund for $50 m. I’ve just bought the LA OG Crewneck Sweatshirt from Ebay and absolutely love it xox

  2. Do you think these can help me with depression:: CBD Capsules Multivitamin Formula by JUSTCBD and Delta 8 Cartridges 6 Pack Space Walker by JUST DELTA. No shop seems to have them in stock. Thanks! xx

  3. 760 Vapor

    February 24, 2022 at 9:53 pm

    Has anyone ever been to District Vape Vapor Store located in 1678 Stonegate Drive?

Leave a Reply

Your email address will not be published. Required fields are marked *