CCNN to merge with Kalambaina Cement

CCNN to merge with Kalambaina Cement

Cement Company of Northern Nigeria, CCNN said it plans to merge with Kalambaina Cement Company Limited.

The company has just informed the Nigerian Stock Exchange of the plan and how it plans to go about it.

The company said in the statement that:

“the proposed merger provides a compelling opportunity to capture significant synergies and create value for the benefit of the shareholders of both companies in the form of stronger competitive position of the enlarged company, economies of scale, enhanced operations and administrative efficiencies which are expected to accrue from the proposed merger.”