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New Deal


Announced

PZ Cussons to acquire the remaining shares in PZ Cussons Nigeria for £22.8m.

Financials

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Transaction Value£22m
Consideration TypeCash
Capital Owned73%
Capital Bid For27%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Personal Products

consumer products

Nigeria

distributor

Acquisition

Public

Pending

Single Bidder

Cross Border

Friendly

Majority

Synopsis

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PZ Cussons, a manufacturer of personal healthcare products and consumer goods, agreed to acquire the remaining shares in its subsidiary PZ Cussons Nigeria, a manufacturer and distributor of consumer products for £22.8m. The offer will also be subject to the approval of the PZCN Board, regulatory approvals and vote of minority shareholders of PZCN. Further announcements will be made in due course, as appropriate.

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