To enhance production capacity and further increase its market share, shareholders of Dangote Sugar Refinery Plc (DSR) have given the nod for the formal takeover of Savannah Sugar Company Ltd (SSCL).
Shareholders of DSR during their Extraordinary General Meeting (EGM) which was preceded by the 2019 Annual General Meeting, voted in favour of merger of the two companies as the sub-Saharan Africa’s largest sugar refining firm embarked on the next stage of its backward integration plan to revolutionise the sugar sub-sector of the nation’s economy.
Chairman of the company, Aliko Dangote said the DSR, a top tier player in the industry with installed capacity to produce 1.44 million metric tonnes per annum will be leveraging on Savannah Sugar’s sugarcane production capacity to enhance its production capacity.
NEW TELEGRAPH NEWSPAPERS FRONT PAGE
https://www.newtelegraphng.com/dangote-acquires-savannah-sugar/
DAILY TRUST NEWSPAPERS
https://www.newtelegraphng.com/dangote-acquires-savannah-sugar/
DAILY INDEPENDENT NEWSPAPERS
https://www.independent.ng/dangote-sugar-acquires-savannah-sugar-pays-n13-2bn-dividend/
DAILY NIGERIAN
https://dailynigerian.com/dangote-acquires-savannah-sugar-pays-n13-2bn-dividend/
RIPPLES NIGERIA
https://www.ripplesnigeria.com/dangote-sugar-set-for-savannah-sugar-takeover/
EAGLE ONLINE
https://theeagleonline.com.ng/dangote-sugar-acquires-savannah-sugar-pays-n13-2b-dividend/
HEADLINE NIGERIA
https://headlines.ng/dangote-acquires-savannah-sugar/
Shareholders Endorse Merger Between Dangote Sugar And Savannah Sugar
In a bid to enhance production capacity and further increase its market share, shareholders of Dangote Sugar Refinery Plc (DSR) have given the nod for the formal takeover of Savannah Sugar Company Ltd (SSCL).
Shareholders of DSR during their Extraordinary General Meeting (EGM) which was preceded by the 2019 Annual General Meeting, voted in favour of merger of the two companies as the sub-Saharan Africa’s largest sugar refining firm embarked on the next stage of its backward integration plan to revolutionise the sugar sub-sector of the nation’s economy.
Chairman of the company, Aliko Dangote said the DSR, a top tier player in the industry with installed capacity to produce 1.44 million metric tonnes per annum will be leveraging on Savannah Sugar’s sugarcane production capacity to enhance its production capacity.
THISDAY NEWSPAPERS PAGE 33
BUSINESSDAY NEWSPAPERS
https://businessday.ng/companies/article/shareholders-endorse-dangote-sugar-savannah-sugar-merger/
VANGUARD NEWSPAPERS PAGE 10
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