TGI Group and Wilmar Launch $12B Food Partnership

TGI Group and Wilmar International have announced a $12 billion joint venture, establishing a 50-50 partnership aimed at creating one of the largest integrated food and agriculture platforms in Nigeria and Benin. This collaboration will combine operations across agriculture, oil palm plantations, edible oil, nuts, rice, and food manufacturing and distribution.

Kuok Hong, Chairman and Chief Executive Officer of Wilmar International, stated that the partnership will strengthen the companies' ability to serve the growing consumer market in Africa. Farouk Gumel, Vice Chairman of TGI Group, emphasized the partnership's confidence in Nigeria's economic prospects and commitment to local investment.

The deal is expected to leverage Wilmar's global expertise and TGI's local knowledge to deliver innovative food solutions across Africa. Santosh Pillai, Wilmar's Africa Head, described the transaction as strategically fitting for the organization, aiming to create a deep distribution network and enhance local market operations.

The transaction is anticipated to close during the 2026 financial year, subject to regulatory approvals.