Nigerian Exchange Limited
Nestle S.A Increases Stake in Nestle Nigeria, Invests Another N3 Billion
Nestle S.A Invests Another N2.99 Billion in Nestle Nigeria
A Swiss multinational food and drink processing conglomerate corporation headquartered in Vevey, Vaud, Switzerland, Nestle S.A has invested another N2.922 billion in Nestle Nigeria, according to the latest disclosure statement filed with the Nigerian Stock Exchange.
Nestle S.A, the majority shareholder in Nestle Nigeria, has been increasing its stake in Nestle Nigeria in the last two years.
On March 02, Nestle S.A purchased 1,980,370 shares at N1,348.94 a unit while on March 03, another 186,277 shares were acquired at N1,349.74 per share.
Bringing the total shares purchased to 2,166,647 at an average price of N1,349 per share. Meaning, Nestle S.A invested another N2.922 billion in Nestle Nigeria. See the details below.
