Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,155,892 members, 7,828,151 topics. Date: Wednesday, 15 May 2024 at 03:22 AM |
Nairaland Forum / Nairaland / General / Business / Flour Mills to Acquire 76.8% stake in rival Honeywell Group at N80 Billion (13155 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)
Re: Flour Mills to Acquire 76.8% stake in rival Honeywell Group at N80 Billion by Hanibbal(m): 12:49pm On Nov 22, 2021 |
Good |
Re: Flour Mills to Acquire 76.8% stake in rival Honeywell Group at N80 Billion by Nobody: 12:50pm On Nov 22, 2021 |
efighter:you are the illiterate here.. This won't affect the staffs unless they want to reduce no of staff which won't even affect new intakes if there is any 2 Likes |
Re: Flour Mills to Acquire 76.8% stake in rival Honeywell Group at N80 Billion by signature2012(m): 12:53pm On Nov 22, 2021 |
Angle1d: It is what it is… |
Re: Flour Mills to Acquire 76.8% stake in rival Honeywell Group at N80 Billion by osuofia2(m): 12:54pm On Nov 22, 2021 |
southniyikaye:Your coconut head should tell you that there will be reduction in the human capital. sack loading 4 Likes |
Re: Flour Mills to Acquire 76.8% stake in rival Honeywell Group at N80 Billion by Nobody: 12:55pm On Nov 22, 2021 |
osuofia2:so if there is goona be a sack, will it be new intake with low salary? Make una dey use una sense naw 4 Likes |
Re: Flour Mills to Acquire 76.8% stake in rival Honeywell Group at N80 Billion by osuofia2(m): 12:58pm On Nov 22, 2021 |
southniyikaye:however it is. Working in Honey well isn't the best at the moment. 2 Likes |
Re: Flour Mills to Acquire 76.8% stake in rival Honeywell Group at N80 Billion by Nobody: 12:58pm On Nov 22, 2021 |
osuofia2:that's what you should have said.. But this too might not actually be true.. The only thing I can say is, there will be pressure on the work force 1 Like |
Re: Flour Mills to Acquire 76.8% stake in rival Honeywell Group at N80 Billion by mfm04622: 12:58pm On Nov 22, 2021 |
Rexymania: How dis one concern Dangote? How 2 Likes |
Re: Flour Mills to Acquire 76.8% stake in rival Honeywell Group at N80 Billion by Nightalan: 12:59pm On Nov 22, 2021 |
Rexymania:How does Dangote benefit from strengthening one of his major competitors in the Foods, Beverage and Milling Industry 1 Like |
Re: Flour Mills to Acquire 76.8% stake in rival Honeywell Group at N80 Billion by Surelay: 1:06pm On Nov 22, 2021 |
Rexymania: dangote no more in flour, noodles, semolina etc he has sold everything years back |
Re: Flour Mills to Acquire 76.8% stake in rival Honeywell Group at N80 Billion by Ikea81: 1:11pm On Nov 22, 2021 |
southniyikaye: LIFO. Ask one HR here what it means. I doubt they will reduce staff anyways. 1 Like |
Re: Flour Mills to Acquire 76.8% stake in rival Honeywell Group at N80 Billion by Vaughanlanrewaj: 1:18pm On Nov 22, 2021 |
There's money in Nigeria. It's interesting to note that most multibillion naira acquisitions are done by Nigerians and Nigerian companies. Even the assets of Shell were acquired by Transcorp and Heirs Holding , BOC too is now 100% owned by Nigerians while Shoprite was acquired by a Nigerian too. I pity those who focus on the negatives and miss out on their blessings. If you curse the land, it will withhold its blessings from you. Congratulations to FMN. God bless Nigeria. 7 Likes 1 Share |
Re: Flour Mills to Acquire 76.8% stake in rival Honeywell Group at N80 Billion by Cleanworld(f): 1:37pm On Nov 22, 2021 |
Re: Flour Mills to Acquire 76.8% stake in rival Honeywell Group at N80 Billion by FarahAideed: 1:51pm On Nov 22, 2021 |
This is complete acquisition aimed at monopoly of the flour market...if the SEC knows what its doing they will enact the anti trust clause and breach this thing 3 Likes |
Re: Flour Mills to Acquire 76.8% stake in rival Honeywell Group at N80 Billion by huptin(m): 1:52pm On Nov 22, 2021 |
southniyikaye: When things like this happens, it usually leads to a lot of anxiety, you won't sleep well knowing U could be laid off, colleagues from your last place of work could then laugh at you. I went through sort of thing a few years ago, I don't want another one so soon after. |
Re: Flour Mills to Acquire 76.8% stake in rival Honeywell Group at N80 Billion by Tunagee(m): 2:24pm On Nov 22, 2021 |
Rexymania: Dangote that could not manage his spaghetti company wan acquire honeywell? Do you think dangote owns flourmills? |
Re: Flour Mills to Acquire 76.8% stake in rival Honeywell Group at N80 Billion by LordsBattleAxe(m): 2:55pm On Nov 22, 2021 |
Say hello to monopoly |
Re: Flour Mills to Acquire 76.8% stake in rival Honeywell Group at N80 Billion by Yankee101: 3:25pm On Nov 22, 2021 |
Anti competitive monopolistic move |
Re: Flour Mills to Acquire 76.8% stake in rival Honeywell Group at N80 Billion by einsteine(m): 3:28pm On Nov 22, 2021 |
southniyikaye: It will affect the staff. There will be duplication of duty. For example, Honeywell may have a sales manager for a particular area and Flour Mills also, when both businesses merge, you only need one sales manager for that area. Ergo, one has to be sacked. If there is no consolidation of jobs, then how does the merger help the business. One way of cutting costs after merger is to consolidate jobs. And yes, new staff are first to go as they will get less severance pay. Severance is usually determined by years spent working. 3 Likes |
Re: Flour Mills to Acquire 76.8% stake in rival Honeywell Group at N80 Billion by Sttk: 3:33pm On Nov 22, 2021 |
Oh |
Re: Flour Mills to Acquire 76.8% stake in rival Honeywell Group at N80 Billion by temmybaba(m): 3:36pm On Nov 22, 2021 |
Ikea81: Last in .... First out? ������� |
Re: Flour Mills to Acquire 76.8% stake in rival Honeywell Group at N80 Billion by Orlaoluwayimika(m): 3:39pm On Nov 22, 2021 |
This is a big problem cos Flourmills would now dictate whatever happens in the flour mkt. They can easily play with the price without recourse 1 Like |
Re: Flour Mills to Acquire 76.8% stake in rival Honeywell Group at N80 Billion by toujurs: 3:41pm On Nov 22, 2021 |
He lived above his means, he doesn't know how to do business. |
Re: Flour Mills to Acquire 76.8% stake in rival Honeywell Group at N80 Billion by toujurs: 3:42pm On Nov 22, 2021 |
Orlaoluwayimika:There is crown flour, gold mama and others |
Re: Flour Mills to Acquire 76.8% stake in rival Honeywell Group at N80 Billion by prophetfire: 3:47pm On Nov 22, 2021 |
Lifestone:Otudeko money don go down well a. He is the one selling here. |
Re: Flour Mills to Acquire 76.8% stake in rival Honeywell Group at N80 Billion by Lifestone(m): 3:51pm On Nov 22, 2021 |
prophetfire:That's my point Bro. |
Re: Flour Mills to Acquire 76.8% stake in rival Honeywell Group at N80 Billion by beejay85: 4:22pm On Nov 22, 2021 |
fergie001:Wow, I must commend the current management of Flour Mills Nigeria The company is really punching hard in the fast moving consumer goods industry (FMCG)... From taking majority share the flour market in Nigeria to giving Nestle's Golden morn run for it's money in the cereals market with it's Golden penny Amazing Day cereals... FMN shares should rise higher in d years to come 1 Like |
Re: Flour Mills to Acquire 76.8% stake in rival Honeywell Group at N80 Billion by Orlaoluwayimika(m): 6:25pm On Nov 22, 2021 |
toujurs: What percentage of the mkt share do they control. Flourmills and Honeywell used to ve the largest mkt share merging their mkt share togeda, Flourmills would definitely be controlling more than 50% of d mkt share and with this, they would dictate the price in the mkt. |
Re: Flour Mills to Acquire 76.8% stake in rival Honeywell Group at N80 Billion by kolexy(m): 8:22pm On Nov 22, 2021 |
efighter: You need to think deeply before making comments in public forums. If you had read the public statement released by his Son, you would have understood their new way of thinking. Honey Group is transforming into an Investment or Holding company. I believe whatever they get from the sale will be ploughed into other businesses where they won't necessarily have controlling shares. |
Re: Flour Mills to Acquire 76.8% stake in rival Honeywell Group at N80 Billion by BarrElChapo(m): 8:23pm On Nov 22, 2021 |
Just say flour mills has effectively taken over honeywell... no more competitors |
Re: Flour Mills to Acquire 76.8% stake in rival Honeywell Group at N80 Billion by heartbeat84: 8:39pm On Nov 22, 2021 |
Lifestone: you're right. at least, 99.999999999999 percent of his travails will cease. |
Re: Flour Mills to Acquire 76.8% stake in rival Honeywell Group at N80 Billion by Ykc2(m): 3:07am On Nov 23, 2021 |
Lifestone:fear any so called billionaire for nigeria |
How Can A Nigerian Business Startup Raise An Initial Capital? / Which Bank Bank Accept NIN As A Form Of Identity? / Dangote Signs Deal To Build Another Cement Plant In Ogun State
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 30 |