Singaporean Olam International Acquires Nigerian Titanium Holdings for $ 167 Million
Singaporean based Olam International disclosed to regulatory authorities in Singapore that is has acquired Nigerian based Titanium Holdings for US$ 167 million or NGN 26.7 billion.
Titanium Holdings is Nigeria’s largest biscuit and sweets manufacturer controlling about 18% and 28% respectively in these markets.
According to a statement released by Olam to the Singapore Stock Exchange, Titanium owns three biscuit and candy making factories including a fleet of trucks and other warehousing and distribution assets in Nigeria.
Titanium had a turnover of $162 million last year.
-
FCMB Bank (UK) Limited Launches Personal and Business Banking Proposition to Deepen InclusivenessFCMB Bank (UK) Limited, an independently incorporated subsidiary of...
- August 1, 2018
-
The Worrisome Trend of Sensational Social Media “Journalism” and the Impact On Legitimate Business Concerns: Recent Travails of FCMB, GTBank and First BankOn June 25, 2018 I woke up to yet...
- June 26, 2018
-
Azman Air commences flight operation in SokotoAzman Air Thursday commenced flight operation to Sokoto state....
- February 21, 2015
-
NRC increases Lagos goods trains, eyes fuel haulageThe Nigerian Railway Corporation says it has increased its...
- June 23, 2016
