RMB Nigeria Leads Presco's N236bn Rights Issue in Agro Sector Milestone
Rand Merchant Bank Nigeria Limited has successfully completed the N236 billion rights issue for Presco Plc, a key player in Nigeria's agro-industrial sector. The transaction, the largest non-financial services public capital raise completed by 2025, was oversubscribed at 103%.
The success of the rights issue reflects investors' confidence in Presco's long-term growth strategy. Key officials like Chidi Iwuchukwu and Bimbo Oyeyiga expressed satisfaction with the outcome, emphasizing the market's trust in Presco's vision and brand strength.
The Nigerian Stock Exchange (NGX) and other regulatory bodies played crucial roles in facilitating the transaction.
Plus234Feed summary based on reporting from This Day. Read the original report below.
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