Newrest ASL Divest Stakes’ From Rwanda Subsidiaries

The board of directors of Newrest ASL Nigeria Plc, formally Airline Services & Logistics Plc has divested its entire interest in ASL Rwanda Limited. This is contained in a statement sent to the Nigerian Stock Exchange (NSE).

Prior to the disposal, ASL Rwanda Limited was one of the company’s three subsidiaries and has consequently ceased to be a subsidiary of the company following the sale of the company’s share held in ASL Rwanda Limited.

According to the statement, the company assured the market that in furtherance of its strategic objective, the board of directors will continue to seek profitable opportunities for investment in the long term interest of all stakeholders.

Photo Caption: Richard Akerele Chairman of Newrest ASL Nigeria Plc