On-going Transactions

SALE OF FGN SHARES IN SAVE SUGAR COMPANY (SCC)

Save Sugar Company was established in 1982 and started production in 1983. Save Sugar Company is a joint venture between Nigeria and Benin Republic with the following shareholding structure:

1 Federal Government of Nigeria 46%
2 Republic of Benin 49%
3 Lonrho (Technical Partner) 5%
    100%