Flour Mills to Acquire 76.8% stake in rival Honeywell Group at N80 Billion - Business - Nairaland
Nairaland Forum / Nairaland / General / Business / Flour Mills to Acquire 76.8% stake in rival Honeywell Group at N80 Billion (13144 Views)
EFCC Handcuffs Nigeria’s Accountant-general,ahmed Idris For STEALING N80 Billion / Dangote Is Selling Dangote Flour Mills For N130 Billion ($361.11 Million) / Flour Mills To Open Application For N39.9b Rights Issue (2) (3) (4)
| Flour Mills to Acquire 76.8% stake in rival Honeywell Group at N80 Billion by fergie001: 12:20pm On Nov 22, 2021 |
We are pleased to announce the proposed combination of Honeywell Flour Mills and Flour Mills of Nigeria and subject to regulatory approvals, this will combine businesses with shared goals, creating a more resilient national champion in the Nigerian foods industry, ensuring long-term job creation and preservation. Honeywell Group
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| Re: Flour Mills to Acquire 76.8% stake in rival Honeywell Group at N80 Billion by signature2012(m): 12:42pm On Nov 22, 2021 |
Most time when an acquisition of this nature happen,some workers will surely get laid off. 26 Likes 1 Share |
| Re: Flour Mills to Acquire 76.8% stake in rival Honeywell Group at N80 Billion by Lifestone(m): 12:43pm On Nov 22, 2021 |
This acquisition is strategic for Oba Otudeko as a way of managing the various challenges he has had with banks on the various outstanding loans expecially those of First Bank. This deal will get him the required liquidity and breathing space needed to address other problems. He's not getting younger. 56 Likes 7 Shares |
| Re: Flour Mills to Acquire 76.8% stake in rival Honeywell Group at N80 Billion by Patrioticman007(m): 12:43pm On Nov 22, 2021 |
Monopoly all the way to heaven or Hell. This the soul reason why Nigeria's problems are class struggle not tribal or religious sentiments, for the rich will keep getting richer, while the poor keep getting poorer. Nigerian youths need to hustle more...... 12 Likes 1 Share
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| Re: Flour Mills to Acquire 76.8% stake in rival Honeywell Group at N80 Billion by FuckOsuPigs: 12:43pm On Nov 22, 2021 |
Uhmmm...This is Otudeko fighting back to reclaim his position at FirstBank. Once this deal is done, the dude will pay off Firstbank indebtedness and free his stake. Sharp guy! Otedola and Odukale should go back to the drawing board. Ija sheshe bere ni 36 Likes 3 Shares |
| Re: Flour Mills to Acquire 76.8% stake in rival Honeywell Group at N80 Billion by mainkendo: 12:43pm On Nov 22, 2021 |
 2 Likes 1 Share |
| Re: Flour Mills to Acquire 76.8% stake in rival Honeywell Group at N80 Billion by chinchonglee(m): 12:43pm On Nov 22, 2021 |
| Re: Flour Mills to Acquire 76.8% stake in rival Honeywell Group at N80 Billion by chinchonglee(m): 12:44pm On Nov 22, 2021 |
Price of shares to drop soon... Investors shuld be at alert 2 Likes |
| Re: Flour Mills to Acquire 76.8% stake in rival Honeywell Group at N80 Billion by verybadmouth(m): 12:44pm On Nov 22, 2021 |
Hope it doesn't make prices of Honeywell products go up.. We are getting tired by the day. 4 Likes 1 Share |
| Re: Flour Mills to Acquire 76.8% stake in rival Honeywell Group at N80 Billion by Kaa4(m): 12:44pm On Nov 22, 2021 |
at least Oba Otudeko will pay his debt at FBN plc 11 Likes 2 Shares |
| Re: Flour Mills to Acquire 76.8% stake in rival Honeywell Group at N80 Billion by Rexymania(m): 12:44pm On Nov 22, 2021 |
Something is telling me Dangote has an hand in this. That guy won dominate Nigeria to the core 6 Likes 1 Share |
| Re: Flour Mills to Acquire 76.8% stake in rival Honeywell Group at N80 Billion by Nobody: 12:44pm On Nov 22, 2021 |
Omo, see money Times are hard truly First bank truly open this oba's yansh Sha.. Not all rich men are truly rich Sha. This won't affect anything Sha cos the last time I checked, 1kg of semo is still 650 9 Likes 1 Share |
| Re: Flour Mills to Acquire 76.8% stake in rival Honeywell Group at N80 Billion by efighter: 12:45pm On Nov 22, 2021 |
Once Otudeko was stripped out of FBN looting, the useless thief is now nakked on the streets. The old thief is nothing without the poor masses money. In order for Oba Otudeko to repay the loans he took from FBN, he has to sell out the fraudulent company Honeywell Flour Mills. 9 Likes |
| Re: Flour Mills to Acquire 76.8% stake in rival Honeywell Group at N80 Billion by huptin(m): 12:45pm On Nov 22, 2021 |
Wow, I almost joined Honeywell a few months back, when God does good atimes we call it evil 7 Likes 1 Share |
| Re: Flour Mills to Acquire 76.8% stake in rival Honeywell Group at N80 Billion by OakConsultNG: 12:45pm On Nov 22, 2021 |
Interesting.. |
| Re: Flour Mills to Acquire 76.8% stake in rival Honeywell Group at N80 Billion by deolurexy1(m): 12:45pm On Nov 22, 2021 |
times are hard |
| Re: Flour Mills to Acquire 76.8% stake in rival Honeywell Group at N80 Billion by Finewarriboy: 12:45pm On Nov 22, 2021 |
H |
| Re: Flour Mills to Acquire 76.8% stake in rival Honeywell Group at N80 Billion by Bluebolt: 12:45pm On Nov 22, 2021 |
Golden honeywell Nigerian flour mill loading........... Because Golden Penny might soon be magnetized too. May God save us from this tribulations! 2 Likes |
| Re: Flour Mills to Acquire 76.8% stake in rival Honeywell Group at N80 Billion by inoki247: 12:46pm On Nov 22, 2021 |
So laik diz expect Spaghetti price shooting up soon  3 Likes 1 Share |
| Re: Flour Mills to Acquire 76.8% stake in rival Honeywell Group at N80 Billion by pacino26(m): 12:46pm On Nov 22, 2021 |
Hostile Take Over. Those saying Oba will pay his debt, he took a loan to buy shares that he even refused dividends as collateral. So the money is going back to the real owners while he cashes out on the dividend payments. See biz ba 3 Likes |
| Re: Flour Mills to Acquire 76.8% stake in rival Honeywell Group at N80 Billion by BKayy: 12:46pm On Nov 22, 2021 |
I love takeovers |
| Re: Flour Mills to Acquire 76.8% stake in rival Honeywell Group at N80 Billion by ifytrik(m): 12:47pm On Nov 22, 2021 |
81 billion gini  abeg were una de see this money nah? It will not be well with poverty aswear6 Likes 2 Shares
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| Re: Flour Mills to Acquire 76.8% stake in rival Honeywell Group at N80 Billion by Ofunaofu: 12:47pm On Nov 22, 2021 |
 Interesting....... |
| Re: Flour Mills to Acquire 76.8% stake in rival Honeywell Group at N80 Billion by Nobody: 12:47pm On Nov 22, 2021 |
huptin:how will this affect your joining or not joining? 14 Likes |
| Re: Flour Mills to Acquire 76.8% stake in rival Honeywell Group at N80 Billion by jarvis4: 12:47pm On Nov 22, 2021 |
Bili Bili is on the mic |
| Re: Flour Mills to Acquire 76.8% stake in rival Honeywell Group at N80 Billion by Nobody: 12:47pm On Nov 22, 2021 |
Life |
| Re: Flour Mills to Acquire 76.8% stake in rival Honeywell Group at N80 Billion by empressSkincare(f): 12:47pm On Nov 22, 2021 |
Gjoo |
| Re: Flour Mills to Acquire 76.8% stake in rival Honeywell Group at N80 Billion by efighter: 12:48pm On Nov 22, 2021 |
southniyikaye: You go school at all? 1 Like |
| Re: Flour Mills to Acquire 76.8% stake in rival Honeywell Group at N80 Billion by Emeskhalifa(m): 12:48pm On Nov 22, 2021 |
signature2012: Bitter Truth |
| Re: Flour Mills to Acquire 76.8% stake in rival Honeywell Group at N80 Billion by pussymonger1: 12:49pm On Nov 22, 2021 |
NIGERIA  1 Like |
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