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Dangote Cement completes issuance of N50bn bonds
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Dangote Cement successfully issues N50 billion bonds for expansion projects, others
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Dangote Cement completes issuance of N50bn bond programme
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NGX ETF Market Capitalization Hits N20 32bn 再s Trade Volume Rise By 3064%
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By Goddy Egene
Ardova Plc (AP) yesterday said it had reached an agreement to acquire a 100 per cent equity stake in Enyo Retail and Supply Limited (Enyo).
AP stated this in a corporate disclosure to the Nigerian Exchange Limited (NGX), which was a follow-up to the company’s statement earlier that it was positioning to purchase Enyo after the conclusion of a due diligence exercise.
According to AP, by acquiring Enyo, it will become the largest downstream energy company in Nigeria, as it will add Enyo’s 95 existing stations to its existing portfolio of 450 stations nationwide, to bring the combined group to a network of 545 stations.