by DSRNews DSRNews

Dangote Sugar Acquires Savannah Sugar, Pays N13.2bn Dividend

To enhance production capacity and further increase its market share, shareholders of Dangote Sugar Refinery Plc (DSR) have given the nod for the formal takeover of Savannah Sugar Company Ltd (SSCL). Shareholders of DSR during their Extraordinary General Meeting (EGM) which was preceded by the 2019 Annual General Meeting, voted in favour of merger of the two companies as the sub-Saharan Africa’s largest sugar refining firm embarked on the next stage of its backward integration plan to revolutionise the sugar sub-sector of the nation’s economy. Chairman of the company, Aliko Dangote said the DSR, a top tier player in the industry with installed capacity to produce 1.44 million metric tonnes per annum will be leveraging on Savannah Sugar’s sugarcane production capacity to enhance its production capacity.

NEW TELEGRAPH NEWSPAPERS FRONT PAGE

https://www.newtelegraphng.com/dangote-acquires-savannah-sugar/

DAILY TRUST NEWSPAPERS

https://www.newtelegraphng.com/dangote-acquires-savannah-sugar/

DAILY INDEPENDENT NEWSPAPERS

https://www.independent.ng/dangote-sugar-acquires-savannah-sugar-pays-n13-2bn-dividend/

DAILY NIGERIAN

https://dailynigerian.com/dangote-acquires-savannah-sugar-pays-n13-2bn-dividend/

RIPPLES NIGERIA

https://www.ripplesnigeria.com/dangote-sugar-set-for-savannah-sugar-takeover/

EAGLE ONLINE

https://theeagleonline.com.ng/dangote-sugar-acquires-savannah-sugar-pays-n13-2b-dividend/

HEADLINE NIGERIA

https://headlines.ng/dangote-acquires-savannah-sugar/

 

Shareholders Endorse Merger Between Dangote Sugar And Savannah Sugar

In a bid to enhance production capacity and further increase its market share, shareholders of Dangote Sugar Refinery Plc (DSR) have given the nod for the formal takeover of Savannah Sugar Company Ltd (SSCL). Shareholders of DSR during their Extraordinary General Meeting (EGM) which was preceded by the 2019 Annual General Meeting, voted in favour of merger of the two companies as the sub-Saharan Africa’s largest sugar refining firm embarked on the next stage of its backward integration plan to revolutionise the sugar sub-sector of the nation’s economy. Chairman of the company, Aliko Dangote said the DSR, a top tier player in the industry with installed capacity to produce 1.44 million metric tonnes per annum will be leveraging on Savannah Sugar’s sugarcane production capacity to enhance its production capacity.

THISDAY NEWSPAPERS PAGE 33

https://www.thisdaylive.com/index.php/2020/07/10/shareholders-endorse-merger-of-dangote-savannah-sugar/

BUSINESSDAY NEWSPAPERS

https://businessday.ng/companies/article/shareholders-endorse-dangote-sugar-savannah-sugar-merger/

VANGUARD NEWSPAPERS PAGE 10

PREMIUM TIMES

https://www.premiumtimesng.com/business/business-news/402197-dangote-sugar-shareholders-approve-savannah-sugar-merger.html

LATEST NIGERIAN NEWS

https://www.latestnigeriannews.com/news/8708127/shareholders-endorsedangote-sugar-savannah-sugar-merger.html