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UACN to acquire majority stake in Portland Paints

Published by Vanguard on Wed, 18 Jul 2012


UAC of Nigeria Plc, UACN, has announced plans to acquire majority equity stake in Portland Paints and Products Plc.<br />According to a statement by the company, signed by Mr. Mike Asuquo, Public Relations Manager, the company has already signed a Memorandum of Understanding (MOU) with Portland Paints as regards the planned investment, which is also subject to the approval of the relevant regulatory authorities.
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