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Excelsior Shipping seen mopping-up Flour Mills’ shares at premium price

… buys 6.9m units at N21 per share in 5 weeks

Investigation has shown that between May 22 and July 6, 2020, Excelsior Shipping Company plc, the substantial shareholder in Flour Mills Nigeria plc, has mopped up the shares of the flour miller as shown in various transactions tracked by BusinessDay.     Details of the share purchases in the past 5 weeks, valued at N145.5…

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