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Nigeria’s Presco wins approval for $172mn palm oil acquisitions in West Africa

Palm oil stall by roadside. Photo by Chris Wade @ Pexels
Palm oil stall by roadside. Photo by Chris Wade @ Pexels

Dulue Mbachu

Dulue Mbachu, an experienced journalist, covers business and politics for Allen Dreyfus.
  • Presco shareholders back acquisitions in Ghana and Nigeria
  • Company launches $162.6mn rights issue to fund expansion amid soaring global demand

 

LAGOS, NIGERIA – Nigeria-based Presco Plc has secured shareholder approval for a $124.9 million acquisition of Ghana Oil Palm Development Company Ltd. (GOPDC).

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