Olam to acquire Nigerian flour, pasta manufacturer

Singapore

AGRI and food giant Olam International has submitted a binding offer to fully acquire Nigerian flour and pasta manufacturer Dangote Flour Mills (DFM) for 130 billion naira (S$491.09 million), Olam said on Tuesday.

The proposed transaction would include DFM's five flour and pasta manufacturing facilities and its logistics capabilities, including access to the ports of Apapa and Calabar.