As part of efforts to increase its presence in key sectors of the economy, UAC of Nigeria Plc, Tuesday, said that it has completed the acquisition of 51 percent equity stake in Portland Paints and Products Plc.
In a notice filed with the Nigerian Stock Exchange, NSE, UACN said the acquisition resulted in take over of 204 million units of shares of Portland Paints at an acquisition price per share of N4.47.
