Unilever Nv
* Opening of offer to increase its equity stake in Unilever Nigeria Plc from 50.10 pct up to a maximum of 75 pct
* Offer provides shareholders who wish to sell some or all of their shares in Unilever Nigeria opportunity to do so
* Citigroup Global Markets Ltd and Chapel Hill Advisory Partners Ltd are acting as financial advisers to Unilever Overseas Holdings B.V
* Offer price represents a premium of 33.8 pct to company’s closing share price on March 23 2015
[pro_ad_display_adzone id=”70560″]
* Unilever would acquire up to 942,215,930 shares in company at 45.50 Nigerian naira per share in cash
* Offer will remain open for acceptance until June 10, 2015
* Offer has been approved by securities and exchange commission and nigerian stock exchange has been notified of offer
* Total value of transaction at intended offer price is approximately 42.871 billion Nigerian Naira (192.6 million euro at prevailing exchange rates) Further company coverage:
*(Reuters)*