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Home Companies Company News

PZ Cussons Nigeria announces business combination plans for two of its subsidiaries

Nairametrics by Nairametrics
March 26, 2015
in Company News
Analyst, Wale Smit Explains Why He Is Bullish On PZ
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PZ Cussons Nigeria Plc (“the Company”) has notified The Nigerian Stock Exchange that its Board of Directors has resolved to embark on a Corporate Restructuring which would involve the business combination of two of its wholly owned subsidiaries – PZ Power and PZ Tower with the parent company. The business combination would be effected via a Scheme of Arrangement.

The restructuring is being carried out with a view to simplifying the Company’s corporate structure and operations reducing administrative costs and improving operational efficiency. The Company states that the proposed merger will be subject to the receipt of the appropriate approvals from the Securities and Exchange Commission and the Federal High Court.


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Nairametrics

Nairametrics is Nigeria's top business news and financial analysis website. We focus on providing resources that help small businesses and retail investors make better investing decisions. Nairametrics is updated daily by a team of professionals. Post updated as "Nairametrics" are published by our Editorial Board.

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