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CAP Plc And Portland Paints Plc Engage Stakeholders Via Nigerian Stock Exchange’s 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. ....

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