Vitafoam Nigeria Plc (NGSE:VITAFOAM) made a bid to acquire remaining 52.5% stake in Vono Products Plc (NGSE:VONO) on May 18, 2015. The transaction was approved by shareholders of Vitafoam Nigeria and Vono Products in week ending on January 15, 2015. The transaction is also subject to Securities and Exchange Commission.

Greenwich Securities Limited acted as financial advisors for Vitafoam Nigeria and Vono Products.