• Saturday, July 13, 2024
businessday logo

BusinessDay

Olam International offers N130bn to buy Dangote Flour Mills

Northern Flour Mills turns the corner to post first full-year profit in five years

Dangote Flour Mills Plc has announced the receipt of an offer from Agric-business giant, Olam International Limited, to acquire all of its outstanding and issued shares not currently owned by Olam through its subsidiary, Crown Flour Mills.

Olam offers N130b for Dangote Flour Mills

Dangote Flour Mills commented in a statement issued to the Nigerian Stock Exchange Tuesday.

Olam through its subsidiary currently owns 5 million units of shares in Dangote Flour Mills.

Details coming later..