UACN Signs Agreement To Acquire Tiger Brands Minority Shareholding In UAC

UAC of Nigeria PLC (UACN), a holding company with interests organised around four verticals – Animal Feeds and Other Edibles, Paints, Packaged Food and Beverages and Quick Service Restaurants has signed a binding agreement to acquire Tiger Brands Limited’s minority shareholding in UAC Foods Limited.

UAC Foods is a majority owned subsidiary of UACN operating in the packaged food and beverages industry.

A notice at the Nigerian Exchange said the purchase is expected to be completed in September 2021.

“Upon completion of the purchase, UAC Foods will continue to operate as a subsidiary of UACN providing nutrition to millions of Nigerians,” the note said.