Ownership of oil palm giant Presco returns to Nigeria after 33-year Belgian control
Oil palm powerhouse Presco switched ownership from long-time investor Siat N.V, based in Brussels, Belgium, which had held on to the company’s majority control for well over three decades until the start of this month.
Fimave N.V., holder of 86.7 per cent of the total issued shares of Siat, which owned a 60 per cent interest in Presco, consummated a deal shifting that stake to Oak and Saffron Limited, the oil palm processor said in a regulatory note.
Oak and Saffron, PREMIUM TIMES check with Corporate Affairs…