Abdul Rabiu’s projects for BUA Foods after listing on NGX
According to Africa Business+ sources, the Nigerian billionaire held the vast majority of the company’s shares that he has just floated on the stock exchange. The deal, which values his agribusiness at $1.75 billion, offers excellent prospects.
06/01/2022 at 16h47, by Africa Business+
BUA Group‘s food and consumer goods subsidiary was listed on the main segment of the NGX with an initial public offering of 18 billion shares. This represented the total issued share capital of the company, without an additional public sale of shares, i.e. without a capital raising. At N40 per share, BUA Foods Plc is now valued at nearly $1.75bn.
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