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Olam stirs competition with N130bn offer for Dangote Flour Mills

Olam has offered N130 billion to acquire Dangote Flour Mills, Nigeria’s third-largest miller by market capacity, in a deal that could transform the Singaporean company into the biggest flour player in Africa’s biggest economy, with 43 percent market share. Flour Mills of Nigeria (FMN) has remained the market leader over the years with a 32…

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