PZ Cussons to sell food subsidiary to Friesland WAMCO

PZ Cussons Nigeria Plc has advanced discussions on the sale of its food and drinks subsidiary, Nutricima Limited, to Nigerian milk industry leader, FrieslandCampina Wamco Nigeria Plc.
 
The Board of Directors of PZ Cussons Nigeria has scheduled an Extra-ordinary General Meeting (EGM) of shareholders later this month during which the divestment is expected to be considered and approved by shareholders.
 
Shareholders are expected to approve and consent to the role of PZ Cussons Nigeria as “the property seller of the factory premises of Nutricima, in furtherance of the proposed sale of the business and assets of Nutricima Limited to FrieslandCampina Wamco Nigeria Plc and FrieslandCampina Nederland B.V.’’
 
The transaction includes the sale and transfers to FrieslandCampina Wamco Nigeria Plc of that portion of land measuring 67,733.235 square metres situate within Plot 20A Ikorodu Industrial Scheme in Ikorodu, Lagos State, carved out from the property covered by Certificate of Occupancy No. 6/6/1998E issued by the Lagos State Government on June 28, 1998 and has been registered as Number six at Page six in Volume 1998E in the Lands Registry of the Lagos State Government, along rights and investment interests in the buildings and improvements…
 
More details through:
https://thenationonlineng.net/pz-cussons-to-sell-food-subsidiary-to-friesland-wamco/
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