Insider Dealing: Nestle S.A Acquires 229,697 Shares in Nestle Nigeria Plc

Must Read

How To Block Your Bank Account And SIM Card In Case Of Emergency

Losing your phone and wallet or having them stolen can be very frustrating. However, in case that happens to...

List of United Bank for Africa (UBA) Sort Codes & Branches (with addresses) in Nigeria

The sort code is a number that usually identifies both the bank and the branch where an account is held. The sort...

List of First Bank of Nigeria Sort Codes in Nigeria

The sort code is a number that usually identifies both the bank and the branch where an account is held. The sort...
- Advertisement -

The acquisition more shares add substantially to its investment in the Nigeria subsidiary.

Nestle S.A, the majority shareholder of Nestle Nigeria Plc, has increased its stake at its Nigerian subsidiary with the purchase of 229,697 additional shares on November 09, 2020.

In a disclosure statement released through the Nigerian Stock Exchange, the company said Nestle S.A bought ordinary shares of Nestle Nigeria Plc, 229,697 at N1,249.65 per share.

Insider Dealing brandspurng Nestle S.A Acquires 229,697 Shares in Nestle Nigeria Plc

Nestle Nigeria Plc is a publicly listed food and beverage speciality company headquartered in Lagos. It is majority-owned by Nestle S.A. of Switzerland. The company was founded in 1961 and conducted trading under the name of Nestle Products Nigeria Limited.

It has its main factory in Agbara Industrial Estate, Ogun State. The firm manufactures breakfast cereal, baby food products, food seasoning and hydrolyzed plant protein mix.

- Advertisement -

The firm was listed as one of the largest 100 companies in Africa by Africa Business magazine.

- Advertisement -
Insider Dealing: Nestle S.A Acquires 229,697 Shares in Nestle Nigeria Plc - Brand SpurInsider Dealing: Nestle S.A Acquires 229,697 Shares in Nestle Nigeria Plc - Brand Spur

Subscribe to BrandSpur Ng

Subscribe for latest updates. Signup to best of brands and business news, informed analysis and opinions among others that can propel you, your business or brand to greater heights.

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here
Read Also:  AB INBEV ANNOUNCES PLANS FOR NEW BREWERY IN TANZANIA

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Insider Dealing: Nestle S.A Acquires 229,697 Shares in Nestle Nigeria Plc - Brand SpurInsider Dealing: Nestle S.A Acquires 229,697 Shares in Nestle Nigeria Plc - Brand Spur

Latest News

Establishing Twitter’s Presence in Africa, Why Ghana?

In line with its growth strategy, Twitter has announced that it is now actively building a team in Ghana. Twitter CEO...
- Advertisement -
BrandsPur Weekly Cartoons
- Advertisement -Insider Dealing: Nestle S.A Acquires 229,697 Shares in Nestle Nigeria Plc - Brand SpurInsider Dealing: Nestle S.A Acquires 229,697 Shares in Nestle Nigeria Plc - Brand Spur