CCNN Gets Regulatory Approval to merge with Kalambaina Cement

Business News

The Cement Company of Northern Nigeria (CCNN) says it has received formal approval from the Securities Exchange Commission and the Federal High Court for its merger with Kalambaina Cement. 

It added that the scheme of the merger was effective from 24 December 2018.

New CCNN shares have been issued to and allotted to Kalambaina Cement’s shareholders at an agreed ratio.

 

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