Nigerian bourse suspends trading on Seven-Up shares | Investing Home

0

LAGOS (Reuters) – Nigeria’s bourse has suspended the shares of Seven-Up Bottling Co. following a takeover bid from majority shareholder Affelka to minority holders, the stock exchange said on Friday.

Seven-Up shareholders have passed a resolution to back the takeover bid by Affelka which will see the company delisted from the bourse, the exchange said in a notice.

Reporting by Chijioke Ohuocha; editing by Jason Neely

Source

LEAVE A REPLY