UAC Deposits N19.2 Billion for CHI Limited Acquisition in Nigerian Consumer Goods Sector
UAC Nigeria has deposited N19.2 billion for the acquisition of CHI Limited, a major player in the Nigerian consumer goods industry. This transaction marks a significant move in the country's business landscape.
UAC's financial statement for Q3 2025 revealed this deposit as part of the share purchase agreement for acquiring CHI Limited, known for brands like Hollandia and Chivita. The full transaction value remains undisclosed.
Coca-Cola's previous stake in CHI and subsequent exit due to market volatility are highlighted, showcasing multinational companies' cautious approach to Nigeria's challenging business environment.
Plus234Feed summary based on reporting from Business Day. Read the original report below.
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