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Alpha Financial Markets Consulting PLC | Trading Statement |
Attraqt Group PLC | Full Year Results |
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CMC Markets PLC | Trading Statement |
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Tortilla Mexican Grill PLC | Full Year Results |
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ASOS PLC | Half Year Results |
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Distribution Finance Capital Holdings PLC | Full Year Results |
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PZ Cussons PLC | Q3 Results |
Tesco PLC | Full Year Results |
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IN BRIEF: PZ Cussons offers GBP23 million to de-list Nigeria business
PZ Cussons PLC - Manchester, England-based hygiene, baby and beauty consumer products - Offers to buy out minority shareholders of Nigerian subsidiary and de-list the company from the Nigerian stock exchange. PZ Cussons Nigeria PLC has a portfolio of family care brands, such as Premier, Joy and Morning Fresh. PZ Cussons has offered NGN21, about 2.2 pence, per share to buy the 26.7% of the Nigerian subsidiary that it doesn't already own. This will be a total cost of GBP22.8 million. PZ Cussons says the funding will come from its cash balances in Nigerian naira. It thinks the acquisition will "significantly simplify and strengthen" its business in Nigeria.
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