Dangote Quits Board Of Flour-producing Subsidiary - Business (2) - Nairaland
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| Re: Dangote Quits Board Of Flour-producing Subsidiary by Nobody: 6:16pm On Nov 16, 2015 |
SAI DANGOTE |
| Re: Dangote Quits Board Of Flour-producing Subsidiary by ileogbenfidel(m): 6:16pm On Nov 16, 2015 |
See as them edit dangote pic sha |
| Re: Dangote Quits Board Of Flour-producing Subsidiary by Donkaz(m): 6:17pm On Nov 16, 2015 |
Serious |
| Re: Dangote Quits Board Of Flour-producing Subsidiary by saints2(f): 6:17pm On Nov 16, 2015 |
This news is still sketchy.. Why do they resign and why did Tiger Brands pull out of the initial agreement  1 Like |
| Re: Dangote Quits Board Of Flour-producing Subsidiary by yomifola(m): 6:17pm On Nov 16, 2015 |
A prophet has once said, an African richest man will not be the richest coming next year. No be me talk am o... |
| Re: Dangote Quits Board Of Flour-producing Subsidiary by IlekeHD: 6:18pm On Nov 16, 2015 |
Cheii where the job application?  |
| Re: Dangote Quits Board Of Flour-producing Subsidiary by chinoify: 6:18pm On Nov 16, 2015 |
End time resignation 1 Like |
| Re: Dangote Quits Board Of Flour-producing Subsidiary by SpotlezDonald25(m): 6:19pm On Nov 16, 2015 |
SA just retaliated  No big deal |
| Re: Dangote Quits Board Of Flour-producing Subsidiary by friends4ever(m): 6:24pm On Nov 16, 2015 |
Hmm... I thought the flour mill belongs to Dangote alone...wao 1 Like |
| Re: Dangote Quits Board Of Flour-producing Subsidiary by alcmene: 6:24pm On Nov 16, 2015 |
And the economic woes continues.....so much for an economy under the tutelage of the most qualified change agent Make i dodge before naija economy crash on my head  |
| Re: Dangote Quits Board Of Flour-producing Subsidiary by Iyohokwa(m): 6:25pm On Nov 16, 2015 |
is ok |
| Re: Dangote Quits Board Of Flour-producing Subsidiary by Nobody: 6:26pm On Nov 16, 2015 |
Dangote sold his business to Tiger brands in 2012 the decision to change the name was announced in July 2015, long before the MTN saga It;s only natural for Dangote to resign from the board after the management transition is complete with the name change especially considering his remaining stake is only worth about $6M, a pittance to Dangote and hardly worth his time and effort. Dangote sold his shares in 2012 for N9.50 a share, today the shares are selling @ N2.40 a share, What Dangote received for 63% of the company in 2012 is 3 times what the entire company is valued at today so shrewd move by Dangote 11 Likes |
| Re: Dangote Quits Board Of Flour-producing Subsidiary by miqos02(m): 6:26pm On Nov 16, 2015 |
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| Re: Dangote Quits Board Of Flour-producing Subsidiary by WinkWrld: 6:28pm On Nov 16, 2015 |
We are going to deal with Dstv too. So if SA likes let them hug transformer. Murafuckin thieves. Your ain't getting no share from our oil. 1 Like |
| Re: Dangote Quits Board Of Flour-producing Subsidiary by akigbemaru: 6:28pm On Nov 16, 2015 |
Aliko dangote resigned. |
| Re: Dangote Quits Board Of Flour-producing Subsidiary by Nobody: 6:30pm On Nov 16, 2015 |
He is a mere director for goodness sake  |
| Re: Dangote Quits Board Of Flour-producing Subsidiary by kozmokaz(m): 6:37pm On Nov 16, 2015 |
ncc fine S.A biggest investment in Nigeria 1.4 trillion naira ( MTN) and u tink say S.A go happy for una... do me I do u man no go vex |
| Re: Dangote Quits Board Of Flour-producing Subsidiary by mytime24(f): 6:39pm On Nov 16, 2015 |
ikombe:dem don banned u 4life wit dis kind condition sorry oooo#takeheart 2 Likes |
| Re: Dangote Quits Board Of Flour-producing Subsidiary by playboy19(m): 6:40pm On Nov 16, 2015 |
sunnyb0b0: Now this is someone who knows what he is saying. Dangote scammed them big time and now he's pulling out his people from the board. Well the bright side is, Tiger Brand has successfully gained its entry into Nigerian market and the stock exchange. 1 Like |
| Re: Dangote Quits Board Of Flour-producing Subsidiary by KonceptzOnpoint(m): 6:40pm On Nov 16, 2015 |
saw that coming anyway..Remember when pmb announced that he was runing 4president,days later dangote grp brought down their price of cement,. 1 Like |
| Re: Dangote Quits Board Of Flour-producing Subsidiary by obayaya(m): 6:47pm On Nov 16, 2015 |
lookandlaff: Smart man |
| Re: Dangote Quits Board Of Flour-producing Subsidiary by ikombe: 6:48pm On Nov 16, 2015 |
mytime24:are u indirectly saying airforce1 no go fit drop album 1 Like |
| Re: Dangote Quits Board Of Flour-producing Subsidiary by agabaI23(m): 6:51pm On Nov 16, 2015 |
PLANETMARS:lwtma |
| Re: Dangote Quits Board Of Flour-producing Subsidiary by Nobody: 6:54pm On Nov 16, 2015 |
unhhh? |
| Re: Dangote Quits Board Of Flour-producing Subsidiary by coolebux(m): 6:54pm On Nov 16, 2015 |
Na small small like this e de take start Dangote has to do the needfull |
| Re: Dangote Quits Board Of Flour-producing Subsidiary by fineguy11(m): 6:55pm On Nov 16, 2015 |
lookandlaff: |
| Re: Dangote Quits Board Of Flour-producing Subsidiary by kozmokaz(m): 6:56pm On Nov 16, 2015 |
According to Reuters, Tiger Brands has not made money from
Dangote Flour Mills (DFM) since paying nearly $200 million for a 65
percent stake in the firm back in 2012.
Though DFM is named after Dangote, his group’s equity stake in the
firm is only 10 percent. Anthony Geard, an industry analyst with
Investec Securities, said “without Tiger Brands injecting money, it is
the end of the line for DFM”.
Dangote Group is investing heavily in the African cement industry,
with a plan to build production factories in 18 African countries and
Nepal. Tiger Brands has large equity stakes in leading Nigerian
companies including Deli Foods and UAC Foods. |
| Re: Dangote Quits Board Of Flour-producing Subsidiary by fineguy11(m): 6:57pm On Nov 16, 2015 |
playboy19: |
| Re: Dangote Quits Board Of Flour-producing Subsidiary by macaranta(m): 7:06pm On Nov 16, 2015 |
interesting.... |
| Re: Dangote Quits Board Of Flour-producing Subsidiary by gretblue: 7:07pm On Nov 16, 2015 |
The open secret of this resignation is that the Dangote flour is not an acceptable products in the market. I have friends who have worked in this division .They did complain every day about these products low patronage.Dangote spaghetti, Dangote Noodles.These products aint consumers choice in the market. 1 Like |
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