• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Companies Company News

Unilever Overseas increases stake in Unilever Nigeria Plc

Chike Olisah by Chike Olisah
August 16, 2020
in Company News
Unilever Nigeria
Share on FacebookShare on TwitterShare on Linkedin

Unilever Overseas Holdings B.V, the majority shareholder of Unilever Nigeria Plc, has increased its stake at its Nigerian subsidiary with the purchase of over 17 million additional shares on August 10, 2020.

This disclosure was made in a notification that was sent to the Nigerian Stock Exchange (NSE) by the food and personal care products manufacturer. The corporate disclosure was signed by the company’s General Counsel/Company Secretary, Abidemi Ademola.

Insider disclosures are reported on the NSE as a regulatory requirement, especially when a major shareholder or director of a publicly quoted company purchases its shares.

RelatedStories

Unilever Nigeria Plc appoints Mr. Ibrahim Sodipe as Executive Director 

Unilever Nigeria Plc appoints Mr. Ibrahim Sodipe as Executive Director 

July 1, 2025
Unilever

CardinalStone sets 2025 target price for Unilever, revises income forecast up by 18% 

May 29, 2025

READ ALSO: Unilever is committed to Africa despite under-performance by Nigerian unit  

The acquisition of the additional shares adds substantially to Unilever Overseas’ investment in the company. Prior to this time, it is already the single largest investor with over 70% shareholding in the company.

Analysis of this current acquisition shows that Unilever Overseas Holdings B.V. increased its stake in the firm with the purchase of 17,023,490 ordinary shares at N12 per share. The purchase consideration for this transaction, which was done on the floor of the Nigerian Stock Exchange, is put at approximately N204.3 million.

Unilever Nigeria closed at N13 per share on Friday, August 14, on the floor of the Nigerian Stock Exchange with a market capitalization of about N71.81 billion. The multinational firm has about 5.75 billion outstanding shares with Unilever Overseas Holding B.V. as the majority shareholder.

READ MORE: Mutual Benefits to raise N2 billion after breaking dividend drought

Insider purchases are usually an indication of how shareholders perceive the company’s valuation. It could also mean possible capital raise towards the strengthening of their existing holdings and some other things.

Unilever Nigeria Plc, which specializes in the manufacturing and marketing of food and care products, has been experiencing some turbulent times as it has been faced with the harsh business environment in recent times.

In its recently released half-year unaudited financial result for 2020, its revenue dropped to N14 billion as against the N23.4 billion that was recorded for the corresponding period in 2019. The firm made a loss of N1.63 billion for the half-year 2020 as against a profit of N1.9 billion for the corresponding period in 2019.


Follow us for Breaking News and Market Intelligence.
Tags: Unilever Nigeria PlcUnilever Overseas Holdings B.V
Chike Olisah

Chike Olisah

Chike was a banker with over 11 years experience in retail and commercial banking, risk management, treasury portfolio management and relationship management. He also acquired some experience in financial management and do have some special interest in investment analysis and personal finance. He had stints with financial institutions like the former Intercontinental Bank and Fidelity Bank.

Related Posts

Unilever Nigeria Plc appoints Mr. Ibrahim Sodipe as Executive Director 
Companies

Unilever Nigeria Plc appoints Mr. Ibrahim Sodipe as Executive Director 

July 1, 2025
Unilever
Equities

CardinalStone sets 2025 target price for Unilever, revises income forecast up by 18% 

May 29, 2025
Unilever Nigeria charts a sustainable future, collects more plastic than it produces 
Companies

Unilever Nigeria charts a sustainable future, collects more plastic than it produces 

May 27, 2025
Q1 2025 unaudited report: Unilever Nigeria grows profit by 65% in Q1 2025, delivers 45% revenue growth  
Company News

Q1 2025 unaudited report: Unilever Nigeria grows profit by 65% in Q1 2025, delivers 45% revenue growth  

April 28, 2025
Unilever
Appointments

Unilever Nigeria appoints Adenike Ogunlesi as Independent Non-Executive Director, reveals board structure 

March 26, 2025
Unilever Nigeria appoints Tobi Adeniyi as Managing Director 
Companies

Unilever Nigeria appoints Tobi Adeniyi as Managing Director 

December 2, 2024
Next Post
ChainLink’s digital coin skyrockets 388% in 130 days, still soaring

ChainLink now the 5th most valuable crypto, gains 418% since July 1

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank








DUNS

Recent News

  • FG inaugurates National Credit Guarantee Company Board to boost MSME financing 
  • SEPLAT posts N13.5 billion in trades as All-Share Index eyes 121,000 level, mid-cap stocks shine 
  • Nigerian Ehis Akhimie convicted in US for $6 million fraud, faces up to 20 years in prison 

Follow us on social media:

Recent News

FG inaugurates National Credit Guarantee Company Board to boost MSME financing 

FG inaugurates National Credit Guarantee Company Board to boost MSME financing 

July 4, 2025
Seplat Energy

SEPLAT posts N13.5 billion in trades as All-Share Index eyes 121,000 level, mid-cap stocks shine 

July 4, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics