Dangote equities fetch investors N1.2tn profit in 2 days
Investors in stocks of companies listed under the Dangote Group have gained over 1.2tn during the first two trading sessions of this week.
This sentiment in stocks of Dangote group is triggered by the commencement of the production by the Dangote Petrochemical Refinery.
The listed companies sparking interest are; Dangote Cement Plc, Dangote Sugar Refinery Plc and NASCON Allied Industries Plc; the latter companies are in the middle of a merger with another firm, Dangote Rice Limited.
In August, it was revealed that the firms had agreed to integrate into a single entity.
The merger will be executed courtesy of “a scheme of merger under Section 711 of the Companies & Allied Matters Act, 2020 (as amended) and other applicable rules and regulations,” Dangote Sugar said in a statement.
Dangote equities fetch investors N1.2tn profit in 2 days
Investors in stocks of companies listed under the Dangote Group have gained over 1.2tn during the first two trading sessions of this week.
This sentiment in stocks of Dangote group is triggered by the commencement of the production by the Dangote Petrochemical Refinery.
The listed companies sparking interest are; Dangote Cement Plc, Dangote Sugar Refinery Plc and NASCON Allied Industries Plc; the latter companies are in the middle of a merger with another firm, Dangote Rice Limited.
In August, it was revealed that the firms had agreed to integrate into a single entity.
The merger will be executed courtesy of “a scheme of merger under Section 711 of the Companies & Allied Matters Act, 2020 (as amended) and other applicable rules and regulations,” Dangote Sugar said in a statement.
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