Dangote Flour Yanked Off Nigerian Bourse After Acquisition
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The entire issued share capital of Dangote Flour Mills (DFM) has been delisted from the Nigerian Stock Exchange (NSE), effective Monday, 18 November 2019. The development was announced by the Nigerian bourse through a statement issued on the NSE website. This is coming after the shareholders of Dangote Flour Mills Plc endorsed the acquisition of the company by Crown Flour Mills Limited, the Nigerian subsidiary of Olam International Limited. The acquisition was carried out through a Scheme of Arrangement just as many shareholders of Dangote Flour Mills supported the company’s management for the decision. Consequent to this acquisition, trading in the shares of Dangote Flour Mills Plc has been fully suspended by the NSE and the firm officially delisted from the exchange.
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