Ellah Lakes Plc Acquires ARPN to Boost Operations
Ellah Lakes Plc announced an agreement to acquire Agro-Allied Resources & Processing Nigeria Limited (ARPN), with the acquisition receiving shareholder approval at an Extraordinary General Meeting in July 2025. The transaction involves acquiring 100% shareholding of ARPN, which includes cultivated land, oil palm and cassava plantations, and associated infrastructure.
The acquisition aims to expand Ellah Lakes' operational footprint and enhance processing capacity, unlocking potential for crop diversification and future growth. The deal marks a significant milestone in Ellah Lakes' strategy, with the company set to consolidate ARPN's assets to deliver immediate financial benefits.
Plus234Feed summary based on reporting from The Will. Read the original report below.
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