Tag Archives: Raising N39.86bn ($130m)

Flour Mills to start N39.86bn share sale on January 15

Flour Mills of Nigeria plans to start marketing a share sale to existing investors aimed at raising N39.86bn ($130m) on January 15, the Nigerian Stock Exchange said on Friday. The flour and pasta maker will offer 1.47 billion shares at N27 apiece, an 18.2 per cent discount to Thursday’s market price of N33. It will offer nine new shares for ...

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