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Foreign Investors Buy Out Nigerian Shareholders In Seven-up - Business (2) - Nairaland

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Nigeria Devalues Naira In Bid To Attract Foreign Investors - Financial Times / Billionaire Investors: 6 Largest Individual Shareholders In MTN Nigeria / There Is No Fake Pepsi In Circulation’ – Seven-up Bottling Co. (2) (3) (4)

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Re: Foreign Investors Buy Out Nigerian Shareholders In Seven-up by 400billionman: 7:59am On Dec 01, 2017
Money...
Re: Foreign Investors Buy Out Nigerian Shareholders In Seven-up by tempex88(m): 8:01am On Dec 01, 2017
Same happened at nigerian bottling company. Where is our indigenisation policy
Re: Foreign Investors Buy Out Nigerian Shareholders In Seven-up by rhames(m): 8:01am On Dec 01, 2017
mfm04622:


1. They already own majority share in the business.
2. If it is well managed,why is it posting losses?

Ask the Lebanese managing it. Its a strategy by the management to take it over.
Re: Foreign Investors Buy Out Nigerian Shareholders In Seven-up by chloride6: 8:03am On Dec 01, 2017
GavelSlam:


You guys just love creating all kinds of conspiracy theories.

7-UP was a Lebanese ownred company from inception. So what exactly do you mean?

Hush, mallam.

Why did they solicit funds from the general public if it was a solely Lebanese concern.

Anyway, let's see their offer. NIPCO made a fantastic offer Mobil shareholders. Let's see if they can match.
Re: Foreign Investors Buy Out Nigerian Shareholders In Seven-up by 400billionman: 8:05am On Dec 01, 2017
Edum13656:
Any company/business surviving the Nigeria biz environment is actually among the best in the world.

Point.

Recently, they sacked many senior managers.

Corruption is killing 7up.

And harsh biz environment.
Re: Foreign Investors Buy Out Nigerian Shareholders In Seven-up by 4tunebest(f): 8:12am On Dec 01, 2017
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2 plots of land are available @ Treasure Parks and Garden Phase 2, City of David Estate, SHIMAWA. I am offering 50% discount off the current market value offered by Adron Homes and Properties. Anyone interested can buy one or the 2. My contact: 07062160601.

Documents: Letter of allocation, Deed of contract, purchase receipt
Re: Foreign Investors Buy Out Nigerian Shareholders In Seven-up by mmsen: 8:13am On Dec 01, 2017
GavelSlam:
Watch how the Lebanese would manage the company to a much more profitable venture.

They have been managing the company and making loses.

Maybe you should read before commenting?
Re: Foreign Investors Buy Out Nigerian Shareholders In Seven-up by mmsen: 8:14am On Dec 01, 2017
chloride6:


Hush, mallam.

Why did they solicit funds from the general public if it was a solely Lebanese concern.

Anyway, let's see there offer. NIPCO made a fantastic offer Mobil shareholders. Let's see if they can match.

They sold shares to raise capital, as do many companies.

They did not use the capital well, apparently. Hence the losses.

Now the management wants to buy out the private shareholders so that they can steer the company right and maybe save their jobs.

2 Likes

Re: Foreign Investors Buy Out Nigerian Shareholders In Seven-up by chloride6: 8:15am On Dec 01, 2017
mmsen:


They sold shares to raise capital, as do many companies.

They did not use the capital well, apparently. Hence the losses.

Now the management wants to buy out the private shareholders so that they can steer the company right and maybe save their jobs.

When you sell shares, you sell ownership. Don't forget that. Those shareholders own what ever tiny stake they own.
Re: Foreign Investors Buy Out Nigerian Shareholders In Seven-up by Okoyeeboz: 8:39am On Dec 01, 2017
post=62872799:
*Quote*
He said the company has been making losses for some time, adding that the deal is aimed at restructuring the company.

When truly was the last time you had a bottle of 7-Up?

Yesterday afternoon.
There's a flavour it has which Sprite can't give me.

I either take 7UP or Smoov Chapman.
Re: Foreign Investors Buy Out Nigerian Shareholders In Seven-up by GavelSlam: 8:47am On Dec 01, 2017
chloride6:


Hush, mallam.

Why did they solicit funds from the general public if it was a solely Lebanese concern.

Anyway, let's see their offer. NIPCO made a fantastic offer Mobil shareholders. Let's see if they can match.

Forums such as this allow ignoramuses like yourselves to contribute to topics above your paygrade.

A private company can decide to go public if it wishes to grow even bigger than it's initial capacity.

Today, the Lebanese have decide to take full control of a public company they once owned exclusively.
In doing so, they've given a 15% mark up to the public.

Go get an education boy.
Re: Foreign Investors Buy Out Nigerian Shareholders In Seven-up by teemy(m): 8:49am On Dec 01, 2017
MayorofLagos:
What they are asking for is illegal. They want to get rid of the indigenous ownership. They will not achieve that but considering the depth of rot in our government, they might get it through. Consumers ought to respond in kind by boycotting 7up products.
I believe once you own 51% shares of a company, you can buy out other shareholders and own the company. It is a legal process guiding all firms on exchanges. If anyone had wanted to spoil their plan, they would have stopped them owning that high percentage in the first place but as it is, they already own 85% as the write up said they bought out the total of the nigerian shareholders with a total of 15%. It is just business, no foul play here.

2 Likes 1 Share

Re: Foreign Investors Buy Out Nigerian Shareholders In Seven-up by Deoboss(m): 8:51am On Dec 01, 2017
[quote author=ROCE post=62873383]

7up owns Pepsi, Mirinda and Limca I think[/qu

Not any more, Limca has been sold to Coca-Cola, i have a bottle of Limca with me & just checked
Re: Foreign Investors Buy Out Nigerian Shareholders In Seven-up by mfm04622: 8:52am On Dec 01, 2017
[quote author= post=62873483][/quote]

Not true! The name of the company is 7-Up. It is the company being bought, not just a product line.

1 Like

Re: Foreign Investors Buy Out Nigerian Shareholders In Seven-up by chloride6: 8:57am On Dec 01, 2017
GavelSlam:


Forums such as this allow ignoramuses like yourselves to contribute to topics above your paygrade.

A private company can decide to go public if it wishes to grow even bigger than it's initial capacity.

Today, the Lebanese have decide to take full control of a public company they once owned exclusively.
In doing so, they've given a 15% mark up to the public.

Go get an education boy.

Hush, markup or no markup. The day you sold shares you sold partial ownership. Selling your shares is voluntary, Mallam.
Re: Foreign Investors Buy Out Nigerian Shareholders In Seven-up by mfm04622: 9:00am On Dec 01, 2017
rhames:


Ask the Lebanese managing it. Its a strategy by the management to take it over.

They don't need any strategy to buy out the Nigerian shareholders! They own about 80%. The law says if you own more than 51%, you have the right to buy out minority shareholders.

2 Likes 1 Share

Re: Foreign Investors Buy Out Nigerian Shareholders In Seven-up by donqx: 9:09am On Dec 01, 2017
really
Re: Foreign Investors Buy Out Nigerian Shareholders In Seven-up by GavelSlam: 9:15am On Dec 01, 2017
chloride6:


Hush, markup or no markup. The day you sold shares you sold partial ownership. Selling your shares is voluntary, Mallam.

And there are rules that guide outright purchase.

The Lebanese have exercised this right.

Little boy, go to school.
Re: Foreign Investors Buy Out Nigerian Shareholders In Seven-up by yeldey: 9:41am On Dec 01, 2017
Handsomebeing:
Lebanese? They will scatter 7up same way they did P&G. All they care about is making money for themselves n send back to their country.

What really happened to P&G
Re: Foreign Investors Buy Out Nigerian Shareholders In Seven-up by poseidon12: 10:07am On Dec 01, 2017
post=62872799:
*Quote*
He said the company has been making losses for some time, adding that the deal is aimed at restructuring the company.



When truly was the last time you had a bottle of 7-Up?

It's not only 7-UP that they bottle. They also bottle and market Pepsi products: Pepsi, Mirinda, Teem, Aquafina water, etc.
Re: Foreign Investors Buy Out Nigerian Shareholders In Seven-up by poseidon12: 10:13am On Dec 01, 2017
[quote author= post=62873483][/quote]

It's the whole business actually. 7-UP is the name of the company (as well as one of their products).
Re: Foreign Investors Buy Out Nigerian Shareholders In Seven-up by chloride6: 10:39am On Dec 01, 2017
GavelSlam:


And there are rules that guide outright purchase.

The Lebanese have exercised this right.

Little boy, go to school.

Those rights are usually exercised in the event of an acquisition not in distressed ventures like this.
Re: Foreign Investors Buy Out Nigerian Shareholders In Seven-up by Nobody: 1:34pm On Dec 01, 2017
7-up and other corrupt companies have an offshore account, its why they can't get it right.

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