UAC of Nigeria PLC (NGSE:UACN) agreed to acquire remaining 49% stake in UAC Foods Limited from Tiger Brands Limited (JSE:TBS) on August 27, 2021. The Board of Directors of Tiger Brands has approved the transaction. Transaction is expected to be formally closed on September 1, 2021.

UAC of Nigeria PLC (NGSE:UACN) completed the acquisition of remaining 49% stake in UAC Foods Limited from Tiger Brands Limited (JSE:TBS) for NGN 3.92 billion In September 2021.