Dangote Flour Mill (DFM) Plc might have agreed in principle to grant Olam International Limited, a Singaporean agro-allied company, request to acquire the company in a bid worth N130 billion. Dangote Flour Mills, in a notice to the Nigerian Stock Exchange (NSE), said the total consideration offered by Olam to acquire its five billion shares was N130 billion. Olam, through its subsidiary Crown Flour Mills currently, owns over five million shares of Dangote Flour Mills and is bidding to take over the entire company. It stated that Olam was bidding…
Read MoreDangote to sell flour mills for N130bn
