FLOUR MILLS OF NIGERIA PLC AND HONEYWELL GROUP LIMITED SIGN AGREEMENT TO COMBINE FLOUR MILLS OF NIGERIA PLC AND HONEYWELL FLOUR MILLS PLC
Flour Mills of Nigeria Plc. (“FMN”) and Honeywell Group Limited (“HGL”) today announced that they have signed an agreement for the proposed combination of FMN through its affiliates and Honeywell Flour Mills Plc. (“HFMP”), a portfolio company of HGL. At a total enterprise value of NGN80 billion, HGL will dispose...