The suspension “centred around the current non-operational status of Dangote Rice Limited” bythe Securities and Exchange Commission (SEC), Nascon Allied Industries said.
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The suspension “centred around the current non-operational status of Dangote Rice Limited” by the Securities and Exchange Commission , it added. The companies are part of the much bigger Dangote Industries Limited, and Dangote Sugar has said the transaction aims “to consolidate and solidify the Group’s market position and ultimately reposition the Group to harness future opportunities in the foods industry.”
If the three Dangote companies meet the conditions for approval and the transaction is completed, Dangote Sugar and Nascon Allied Industries will be delisted from the NGX.
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