In Nigeria, a subsidiary of Olam International will pay $331 million for Dangote Flour Mills, according to Food Business Africa.
Shareholders approved the offer at a court ordered meeting. Anurag Shukia, managing director of Crown Flour, said his company intends to maintain and expand Dangote’s business as well as provide enhanced manufacturing capacity and create synergies to deliver improved products to customers across the country. Dangote Flour Mills started operation in 1999 as a division of Dangote Industries. It has mills across Nigeria, including in Apapa, Ikorodu, Ilorin, Kano and Calabar.
Dangote’s business is expanding
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