Monday 21 May 2018
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3 months ago

Nigeria:NSE Approves Delisting of 7-Up After Buyout By Majority Shareholders

[Vanguard] The Nigerian Stock Exchange, NSE, has approved the voluntary delisting of Seven-Up Bottling Company Plc (7-Up) after it received a takeover bid from its majority shareholder, Affelka, aimed at restructuring the soft drinks bottler. The Exchange s approval which came into force last week, followed suspension of trading in the company s shares last month following the planned delisting.

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