Flour Mills to acquire 76.8% of Honeywell Flour Mills

ABUJA (Reuters) - Flour Mills of Nigeria plans to acquire a 71.69% equity stake in rival Honeywell Flour Mills at an enterprise value of 80 billion naira, both companies said on Monday.

Flour Mills said it will buy additional 5.06% equity in Honeywell Flour Mills from FBN Holdings, it said in statement

(Reporting by Fikayo Owoeye and Chijioke Ohuocha, Editing by Louise Heavens)