Tag Archives: Dangote flour

Shareholders of Dangote Flour Mills Plc (DFM), unanimously on Monday approved the acquisition of the company by Crown Flour Mills Limited, the Nigerian subsidiary of global food and agri-business conglomerate, Olam International Limited after a whopping payment of N120 billion to the shareholders.

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Shareholders in a Court Ordered Meeting (COM) in Lagos on Monday October 14, 2019, approved the offer of Crown Flour Mills Limited (CFML)  a subsidiary of Olam Group Company to acquire 4,994,886,771 ordinary shares of 50 kobo each held by shareholders of Dangote Flour Mills Plc, for an aggregate consideration of N120 billion.

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Dangote Flour Plc has explained its inability to declare dividend to shareholders, attributing it to huge losses the company incurred in the cause of its operations in the last four years. Addressing shareholders at the company’s 11th Annual General Meeting (AGM) on Friday, the Chairman, Asue Ighodalo said the flour making company which change from Tiger Branded Consumer Goods Plc …

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In a major strategic move to grow its market equity in Africa, Dangote Flour has unveiled new improved pasta products called ‘Ecccellente’. The re-vamped Pasta, is expected to reduce the dependency on rice consumption by Nigerians. Speaking at the Grand Customer Launch Event in Kano on Tuesday, Executive Director, Sales & Marketing, Halima Dangote, said the improved products will delight …

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As part of its regular business portfolio review, Dangote Flour Mills (DFM), has exited its noodles business as it does not consider it strategic. The company has sold the assets of Dangote Noodles to Dufil Prima Foods, makers of Indomie noodles. To smoothen the transition, DFM has offered Dufil the use of some of its facilities on an interim basis. …

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