• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Tuesday, August 16, 2022
Leadership News
Read in Hausa
  • Home
  • NewsLatest
    • World News
    • ASUU News
  • Politics
  • Business
  • Sports
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
  • Columns
  • Others
    • How-to
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Podcast
No Result
View All Result
  • Home
  • NewsLatest
    • World News
    • ASUU News
  • Politics
  • Business
  • Sports
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
  • Columns
  • Others
    • How-to
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Podcast
No Result
View All Result
Leadership News
No Result
View All Result
Home News Business

Dufil Prima Foods Completes Merger Of 3 Subsidiaries

by Olushola Bello
2 months ago
in Business, News
0
Dufil
Share on WhatsAppShare on FacebookShare on TwitterTelegram

Dufil Prima Foods Plc has announced of its merger with three of its former subsidiaries; De United Foods Industries Limited, Northern Noodles Limited and Pure Flour Mills Limited.

 

These three former subsidiaries have now been dissolved without winding up, leaving Dufil Prima Foods Plc as the surviving enlarged company.

This merger was achieved by a Scheme of Arrangement unanimously approved by the shareholders of each company and sanctioned by the Federal High Court and all appropriate regulatory authorities.

These regulatory authorities include but are not limited to; the Securities and Exchange Commission (SEC), the Corporate Affairs Commission (CAC) and the Federal Board of Inland Revenue. The Consent of Creditors was also duly obtained and the Federal Competition Commission and all other relevant Stakeholders duly notified.

The merger guarantees that Dufil Prima Foods as the surviving and enlarged company shall be a stronger and more dependable manufacturing company that has the critical mass, product line diversity, structure and market intelligence to compete in the same market as other big manufacturing companies.

This, the company said, is an attractive combination for stakeholders as customers will benefit from its wider and better-integrated array of products and services; employees will enjoy the advantages and opportunities of being a part of a larger, stronger company; and shareholders will have the opportunity to continue to participate in the success of a bigger enterprise.

RELATED

Ayu

PDP Crisis Deepens… Ayu Calls Wike’s Bluff, Says He Has 4-year Tenure

8 mins ago
ASUU Enriching University Authorities At Expense Of Members

Strike: Again, Federal Govt, ASUU Meets Today

15 mins ago

 

The chief operating officer, Dufil Prima Foods, Adesh Jain, said: “following receipt of all regulatory approvals, the union between Dufil Prima Foods, De United Foods Industries, Northern Noodles and Pure Flour Mills took effect from the 1st of June 2022 as stipulated in the Scheme of Arrangement.

“This is a huge step towards consolidating our status as Africa’s largest pasta and instant noodle manufacturer. The merger will benefit our numerous consumers as more resources will be committed to Dufil Prima Foods Plc with the goal of providing superior quality of products. This giant step will also consolidate our efforts in becoming one of the largest FMCG companies in Nigeria, and Africa by extension.”

 

Jain further stated that the overall outcome will be a more stable company with an extremely strong capital base that will position Dufil Prima Foods as a major player in the FMCG sector in all the markets it operates in.

Tags: Dufil Prima Foods
SendShareTweetShare
Previous Post

FBNQuest Merchant Bank Partner USAID On Youth-Powered Ecosystem Support

Next Post

‘Eroton Exploration Oil Spill Site Not Accessible’

ANOTHER GOOD READ

Ayu
Cover Stories

PDP Crisis Deepens… Ayu Calls Wike’s Bluff, Says He Has 4-year Tenure

8 mins ago
ASUU Enriching University Authorities At Expense Of Members
News

Strike: Again, Federal Govt, ASUU Meets Today

15 mins ago
Nigeria
News

Nigeria’s Boundaries With Neighouring Countries Artificial – Presidency

18 mins ago
NATIONAL ECONOMY Goes Weekly August 29
Cover Stories

NATIONAL ECONOMY Goes Weekly August 29

30 mins ago
Electricity
Cover Stories

Darkness Looms As Electricity Workers Embark On Strike Tomorrow

36 mins ago
Bank
Business

Bank Of Industry Completes €1bn Loan Guarantee Facility

40 mins ago
Next Post
Eroton

‘Eroton Exploration Oil Spill Site Not Accessible’

LATEST UPDATES

Ayu

PDP Crisis Deepens… Ayu Calls Wike’s Bluff, Says He Has 4-year Tenure

August 16, 2022
ASUU Enriching University Authorities At Expense Of Members

Strike: Again, Federal Govt, ASUU Meets Today

August 16, 2022
Nigeria

Nigeria’s Boundaries With Neighouring Countries Artificial – Presidency

August 16, 2022
NATIONAL ECONOMY Goes Weekly August 29

NATIONAL ECONOMY Goes Weekly August 29

August 16, 2022
Electricity

Darkness Looms As Electricity Workers Embark On Strike Tomorrow

August 16, 2022
Bank

Bank Of Industry Completes €1bn Loan Guarantee Facility

August 16, 2022
Market

Investors’ Profit-taking Persists As Market Cap Drops By N18bn

August 16, 2022
Inflation

Interest Rates Hike Likely As Inflation Hits 19.64%

August 16, 2022

© 2022 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
    • World News
    • ASUU News
  • Politics
  • Business
  • Sports
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
  • Columns
  • Others
    • How-to
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Podcast

© 2022 Leadership Media Group - All Rights Reserved.