The Digest:
UAC of Nigeria Plc has officially completed its acquisition of Chi Limited from The Coca-Cola Company. According to a statement from UAC's company secretary, the deal, first announced in July, received the final regulatory approval from the Federal Competition and Consumer Protection Commission, paving the way for the transition.
Key Points:
- UAC Nigeria Plc has finalized its acquisition of food and beverage maker Chi Limited.
- The deal was completed after approval from the FCCPC.
- Chi Limited is the producer of popular brands like Chivita and Hollandia.
- The company's Managing Director, Eelco Weber, anticipates a smooth transition.
- UAC's Group MD, Fola Aiyesimoju, welcomed the Chi team into the UAC family.
- The acquisition aims to build on Chi's strong market legacy and leadership.
- This marks a major consolidation in Nigeria's fast-moving consumer goods landscape.
Rooted in the Storm.
Sources: TheCable
Tags: UAC Nigeria, Chi Limited, Acquisition, Coca-Cola, FCCPC,
