Unilever Nigeria to seek approval for $200m share saleStaff Writer | April 13, 2017
Unilever Nigeria said it will seek shareholder approval next month to raise 63 billion naira ($200 million) through a rights issue.
Africa 3.95 billion new ordinary shares
The local unit of Unilever plans to seek a vote at a shareholder meeting on May 11, it said in a notice, adding that it would also ask for approval to convert shareholder loans to stock as part of the share sale. ■