UAC Nigeria Acquires CHI Limited in N182bn Deal for Market Dominance
UAC Nigeria's acquisition of CHI Limited for N182.4 billion marks the largest merger in the Nigerian consumer goods sector, with a strategic goal to significantly increase revenue by 200% by 2025. The combined revenue of UAC Food and CHI is projected to reach N615 billion, positioning UAC as a major player in the food and beverage industry.
The deal includes a breakdown of funds for acquisition and future refinancing plans, emphasizing UAC's hedging strategies to manage currency volatility. The acquisition showcases UAC's ambition for market transformation and growth in the Nigerian food industry.
Plus234Feed summary based on reporting from Business Day. Read the original report below.
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