Flour Mills of Nigeria Plc. has completed the acquisition of a 71.69% stake in Honeywell Flour Mills Plc. Honeywell Group disposed of a 71.69% stake in HFMP to FMN at an equity price of N4.20 per share. Together, Flour Mills of Nigeria and Honeywell Flour Mills will be able to achieve rapid growth while maintaining high-quality products serving the evolving needs of our consumers. As we entrust Flour Mills of Nigeria with building on Honeywell Flour Mills’ strong legacy, we will work closely with them to ensure seamless integration, setting the combined company up for a successful future.”

Source: The Guardian April 30, 2022 22:32 UTC