According to the press release, Honeywell Group Limited has agreed to sell a 71.69% stake in Honeywell Flour Mills to Flourmills of Nigeria. It stated, “For the proposed combination of FMN through its affiliates and Honeywell Flour Mills Plc (“HFMP”), a portfolio company of HGL. At a total enterprise value of NGN80 billion, HGL will dispose of a 71.69% stake in HFMP to FMN.” Enterprise Value includes the debt of the company. Honeywell Flour Mills currently has a market value of N29 billion The press release also mentioned that the transaction will create a stronger company in the food industry. It stated, “The proposed transaction will combine two businesses with shared goals and create a more resilient national champion in the Nigerian foods industry, ensuring long-term job creation and preservation.” #foodindustry #nigeria #job https://lnkd.in/dZ_RKmR2

To say that the ecommerce industry is substantial may very well be the understatement of the year. Just look at the value of ecommerce at a staggering $431.6 billion in the U.S. in the year 2020 alone, and you can immediately understand that it is only a matter of time before most business transactions will be represented online. https://lnkd.in/eeDD-sRT #business #ecommerce #shoppingonline #christmasiscoming #christmasshopping

It was an amazing time we had empowering the amazing students led by #projectlead. #digitalagency #advertisingagency #empowermentcoaching

American multinational snacking giant, Mondelez international is reportedly considering to make a bid for South African food and beverage company AVI Limited. https://lnkd.in/dmtmWGM6 #foodandbeverage #brandingagency #brandnews #news

According to a recent report published by the Carbon Disclosure Project (CDP), just 100 of the hundreds of thousands of companies worldwide have been responsible for 71% of global warming since 1998. Undoubtedly, this proves that if companies reduce their carbon footprint, it can positively impact the climate crisis we are experiencing. #project https://lnkd.in/ezNrFCVu #carbonemissions #carbonfootprint #environmentalresponsibility #environmentfriendly #environmentalawareness