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New Deal


Announced

Flour Mills of Nigeria to acquire a 71.69% stake in Honeywell Flour Mills in a $194m deal.

Financials

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Transaction Value£103m
Consideration TypeCash
Capital Owned-
Capital Bid For72%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Nigeria

flour milling

Majority

Private

Pending

Friendly

Single Bidder

Fruit and Grain Processing

Acquisition

Domestic

Synopsis

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Flour Mills of Nigeria, a grain milling services provider, agreed to acquire a 71.69% stake in Honeywell Flour Mills, a grain miller, in a $194m deal. ‘The proposed transaction ts part of our global growth strategy; which is aligned with our vision to not only be an industry leader but also, a national champion for Nigeria in the food and agro-allied industries," Omoboyede Olusanya, Flour Mills of Nigeria Group Managing Director.

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