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Federal High Court approves merger between CAP Plc and Portland Paints nairametrics.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nairametrics.com Daily Mail and Mail on Sunday newspapers.
Livestock Feeds appoints Portland Paints MD, Bolarin Okunowo as Non-Executive Director nairametrics.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nairametrics.com Daily Mail and Mail on Sunday newspapers.
By Itohan Abara-Laserian Lagos, Feb. 9, 2021 Chemicals and Allied Products (CAP) Plc has merged with Portland Paints Plc to benefit from the diversified revenue base, economies of scale and operational efficiencies. Recall that CAP and Portland Paints – both subsidiaries of UAC of Nigeria – recently secured the approval of shareholders to merge both businesses. The companies leveraged the Nigerian Stock Exchange’s (NSE) Facts Behind the Merger to engage stakeholders on Tuesday in Lagos and the merger was also commemorated with the NSE’s digital closing gong ceremony. Speaking at the event, Mr David Wright, CAP Managing Director, said that the business combination would expand products offering as well as revenue base. ....
CAP Plc And Portland Paints Plc Engage Stakeholders Via Nigerian Stock Exchangeâs Facts Behind The Merger Date 10/02/2021 Chemical and Allied Products (CAP) Plc and Portland Paints and Products Nigeria (Portland Paints) Plc leveraged The Nigerian Stock Exchange’s (NSE or The Exchange) Facts Behind the Merger to engage stakeholders on Tuesday, 9 February 2021. The merger was also commemorated with the NSE’s digital Closing Gong Ceremony. CAP and Portland Paints – both subsidiaries of UAC of Nigeria – recently secured the approval of shareholders to merge both businesses. By combining both companies, CAP Plc, being the resulting entity will expectedly benefit from the diversified revenue base, economies of scale and operational efficiencies that this merger presents. ....
Goddy Egene The Nigerian Stock Exchange (NSE) All-Share Index (ASI) rose further by 1.10 per cent to close at 34,225.22 as the market sustained its positive momentum yesterday. The market capitalisation gained N199.5 billion to close at N18.4 trillion. The bulls had returned to the market on Monday with a gain of 1.73 per cent after losing out the bears the previous week due to profit taking. However, the gains were sustained yesterday as 28 stocks appreciated compared with 14 stocks that depreciated. LASACO Assurance Plc led the price gainers with 10 per cent while AXA Mansard Insurance Plc gained 9.3 per cent to occupy the second position. FTN Cocoa Processors Plc and Japaul Gold garnered 8.3 per cent and 8.0 per cent respectively. ....