Nigeria’s largest oil palm manufacturer, Presco Plc, recently announced the 100 percent acquisition of an equity stake in Ghana Oil Development Company (GOPDC) and Saro Oil Palm Limited (SOP) in a combined deal worth $171.6 million.
This expansion move will potentially reduce imports of edible and fat oils into the country by 40 percent, thereby freeing up scarce FX in Africa’s biggest oil palm producer.
GOPDC, once a subsidiary of SIAT Group, a major stakeholder of Presco, was acquired for a total amount of $124.9 million, which would be
