NIGERIA’s oldest surviving and largest conglomerate, UAC of Nigeria (UACN) Plc and South African leading logistics provider, Imperial Logistics Limited have entered into a share acquisition agreement that will see Imperial Logistics acquiring the controlling equity stake in MDS Logistics Limited, a subsidiary of UACN.
Under the agreement, Imperial Logistics will acquire an additional 8.0 percent shareholding in MDS Logistics from UACN to increase Imperial Logistics’ equity stake from 49 percent to 57 percent. The transaction valued MDS at $40 million, about N12.24 billion…
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News Archive from before July 2018