UACN to acquire Tiger Brands’ minority interest in UAC Foods

UAC of Nigeria Plc (UACN) has announced that it has signed a binding agreement to acquire Tiger Brands Limited’s minority shareholding in UAC Foods Limited. UAC Foods is a majority owned subsidiary of UACN operating in the packaged food and beverages industry.

Upon completion of the purchase, UAC Foods will continue to operate as a subsidiary of UACN providing nutrition to millions of Nigerians. The purchase is expected to be completed in September 2021.

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