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Announced

UAC of Nigeria to acquire a 49% stake in UAC Foods from Tiger Brands.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For49%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Acquisition

Domestic

Nigeria

Pending

Minority

Single Bidder

Food Products

Friendly

diary

Private

Synopsis

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UAC of Nigeria, a conglomerate company, agreed to acquire a 49% stake in UAC Foods, a food production company, from Tiger Brands, a packaged goods company. Financial terms were not disclosed. UAC, with interests in real estate, paints and livestock feed, said it will operate Tiger Brands’ food company, after the acquisition closes in September.

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