IFLR1000

Royal FrieslandCampina N40 billion acquisition of 13% of FriedlandCampina WAMCO Nigeria

16/6/2015
Public acquisition
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N 40.148 billion

$ 127.556 million

Completed

16/6/2015

Overview:

  • Royal FrieslandCampina increased its equity stake in its subsidiary FriedlandCampina WAMCO Nigeria from 54.58% to 67.61%.
  • FrieslandCampina acquired 127,184,030 shares in at N315.67 each, for a total consideration of N40 billion. 
  • The transaction valued the target company at N308 billion, $978 million at time of press, but around $1.54 billion when the deal closed.  

John Crabb - Journalist 

Jurisdictions:

Nigeria
Netherlands

Deal type:

Public acquisition

Practice area:

M&A

Governing law:

Nigeria

Industry sectors:

Consumer goods and services
Food and beverage
Agriculture

Firm:
ALN Nigeria | Aluko & Oyebode

Party: FrieslandCampina (Acquirer)

Lawyers: Ayodeji Oyetunde, Olubunmi Fayokun

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