Flour Mills said it will buy additional 5.06% equity in Honeywell Flour Mills from FBN Holdings, it said in statement
(Reporting by Fikayo Owoeye and Chijioke Ohuocha, Editing by Louise Heavens)
ABUJA (Reuters) - Flour Mills of Nigeria plans to acquire a 71.69% equity stake in rival Honeywell Flour Mills at an enterprise value of 80 billion naira, both companies said on Monday.
Flour Mills said it will buy additional 5.06% equity in Honeywell Flour Mills from FBN Holdings, it said in statement
(Reporting by Fikayo Owoeye and Chijioke Ohuocha, Editing by Louise Heavens)