A subsidiary of Flour Mills of Nigeria (FMN) Plc, its 2022 Annual General Meeting (AGM) was presided over by the newly appointed chairman, Mr. Omoboyede Olusanya, who highlighted the company’s achievements in 2022.
Speaking on the acquisition of HFMP by FMN, the chairman noted that, the company had adhered to all statutory requirements as a listed company, and measures are being put in place to ensure that shareholders get superior returns on their investments, as well as improve efficiency and ensure sustainable growth.
While addressing shareholders, Olusanya said: “we are convinced that, in the long run, the economies of scale would pay off, and integrating FMN with HFMP would be a success and yield significant benefits for all. We are taking this first year as a year of integration and management of the transition. It is also the year for us to put the synergies we want to achieve in place.”
