PZ Cussons Nigeria in the dark as parent company moves to sell African subsidiaries

PZ Cussons Nigeria Plc (PZCN) has been left in the dark after PZ Cussons Plc, its parent company announced the planned sale of its African subsidiaries.

PZ Cussons said in its financial report for the year ended May 31, 2024, released on Wednesday said it planned to partially or fully sell PCZN and other African subsidiaries.

This, the manufacturer of personal healthcare products said would reduce its exposure to naira fluctuations.