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    UACN   NGUACN000006

UAC OF NIGERIA PLC

(UACN)
  Report
End-of-day quote. End-of-day quote Nigerian Stock Exchange - 01/28
9 NGN   +1.12%
2021UAC OF NIGERIA : Directors dealings
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2021UAC OF NIGERIA : Directors dealings
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2021UAC OF NIGERIA : Directors dealings
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UAC of Nigeria : UACN to Acquire Tiger Brands' Minority Interest in UAC Foods

08/31/2021 | 07:06am EST

UAC of Nigeria Plc, UACN, has signed a binding agreement to acquire Tiger Brands Limited's minority shareholding in UAC Foods Limited.

The Secretary of UACN, Nkemdirim Agboti, yesterday, in a statement sent to the Nigerian Exchange, NGX Limited, stated: "Upon completion of the purchase, UAC Foods will continue to operate as a subsidiary of UACN. The purchase is expected to be completed in September 2021."

Tiger Brands acquired a minority stake in UAC Foods in 2011, following a joint venture agreement with the Nigerian firm to manufacture and distribute some sausage, ice cream and water brands. It is exiting Nigeria about two months after another South African firm, Shoprite Holdings Ltd., sold its operations in the West African country to local investors.

Also, Tiger Brands in 2015 sold its shareholding in Dangote Flour to Nigerian parent Dangote Industries Ltd., three years after buying it.

Copyright Vanguard. Distributed by AllAfrica Global Media (allAfrica.com)., source News Service English

Stocks mentioned in the article
ChangeLast1st jan.
TIGER BRANDS LIMITED 1.02% 180.56 End-of-day quote.-0.24%
UAC OF NIGERIA PLC 1.12% 9 End-of-day quote.-5.26%
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Financials
Sales 2021 88 857 M 214 M 214 M
Net income 2021 - - -
Net Debt 2021 - - -
P/E ratio 2021 -
Yield 2021 -
Capitalization 25 932 M 62,4 M 62,5 M
Capi. / Sales 2021 0,29x
Capi. / Sales 2022 0,27x
Nbr of Employees 1 396
Free-Float 87,1%
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 2
Last Close Price 9,00 NGN
Average target price 11,04 NGN
Spread / Average Target 22,6%
EPS Revisions
Managers and Directors
Folasope Babasola Aiyesimoju Chief Executive Officer, Group MD & Director
Dele Ijaiya-Oladipo Group Finance Director
Daniel Owor Agbor Non-Executive Chairman
Emmanuel Agu Head-Information & Technology
Vitus Chidiebere Ezinwa Director & Chief Operating Officer
Sector and Competitors