Nigerian shareholders in PZ Cussons Nigeria have been offered a buyout offer by British manufacturer, PZ Cussons Group, to take full control of the local company.
The international company is willing to buy the shares owned by the Nigerian shareholders at N21 per share, subject to shareholders’ approval at a Federal High Court-ordered meeting and regulatory consent.
The UK healthcare manufacturer said the complete takeover of PZ Cussons Nigeria will strengthen operations in the West African country. This was disclosed on Monday in a statement by PZ Cussons Nigeria Acting Company Secretary, Olubukola Olonade-Agaga.
