Capital Hotels agrees to sell 51% stake to 11 Plc

WorldStage Newsonline–  The board of Capital Hotels Plc, owner of Sheraton Abuja Hotels has  agreed to partner with 11 Plc to offer the right competition in the Abuja hospitality market, and resolved to sell 51% stake in Capital Hotels Plc to 11 Plc at the price of N7.00 per share subject to Hans Gremlin Nig Ltd (the Core shareholder) being given the opportunity to exit 50% of its stake in Capital Hotels Plc at the same price, and on such other terms and conditions as the Directors may deem fit subject to obtaining the approval of the Regulatory Authorities.

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Presco set to acquire a private firm in the same line of business

WorldStage Newsonline– Presco Plc, a Benin City based fully-integrated agro-industrial establishment with oil palm plantations, palm oil mill, palm kernel crushing plant and vegetable oil refining and fractionation plant has announced plans to acquire all the shares of an existing private company limited by shares and in the same line of business with the company.

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Dangote Cement announces successful issuance of N50b bonds

WorldStage Newsonline– Dangote Cement Plc, the Sub-Saharan Africa’s largest cement producer with an installed capacity of 48.6Mta capacity across 10 African countries has announced the successful issuance of N50 billion Series 1 Fixed Rate Senior Unsecured Bonds under the company’s new NGN300 billion Multi-Instrument Issuance Programme.

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