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News CCNN receives clearance for merger with Kalambaina Cement

CCNN receives clearance for merger with Kalambaina Cement

Written by Global Cement staff 16 October 2018
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Nigeria: The Cement Company of Northern Nigeria (CCNN) says it has received clearance by the Securities and Exchange Commission (SEC) and the Nigerian Stock Exchange (NSE) for its proposed merger with Kalambaina Cement. Following the merger all of the assets, liabilities, licences and undertakings will be taken over by the CCNN, according to the Punch newspaper. The completion of the proposed merger is subject to the approval of the shareholders of the CCNN and Kalambaina Cement and the final regulatory approvals from SEC, the NSE, Federal Inland Revenue Service and the Federal High Court.

Last modified on 17 October 2018
Published in Global Cement News
Tagged under
  • Nigeria
  • Cement Company of Northern Nigeria
  • Kalambaina Cement
  • Merger
  • Nigerian Stock Exchange
  • Securities and Exchange Commission of Nigeria
  • Federal Inland Revenue Service
  • Legal
  • GCW375
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