Industry & Money

Exchange Commission Rejects PZ Cussons’ Buy Out Request

…Business News In Brief

PZ Cussons Nigeria Plc says its request to acquire the shares of minority shareholders has been declined by the Securities and Exchange Commission (SEC). The company disclosed this on Tuesday, in a notice filed on the Nigerian Exchange Limited (NGX) and signed by Olubukola Olonade-Agaga, its secretary. In September 2023, PZ Cussons Holdings Limited, the UK-based group, had shown interest in buying the remaining 26.73 percent shareholding of its Nigerian subsidiary, PZ Cussons Nigeria Limited, held by minority shareholders at a price of ₦21 per unit.

The Cable

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Most Popular

To Top