Wilmar International Buys Out PZ Cussons in $70m Deal

Wilmar International buys out PZ Cussons in $70m deal

PZ Cussons divests in Nigeria’s palm oil business, sells stake to Wilmar in $70m deal - Business Hallmark

PZ Cussons Plc has agreed to sell its 50 per cent stake in PZ Wilmar Limited to its joint venture partner, Wilmar International Limited, for a cash consideration of $70m, marking its full exit from the Nigerian palm oil business it co-founded in 2010. This was made known in a joint statement made available on […] The post PZ Cussons divests in Nigeria’s palm oil business, sells stake to Wilmar in $70m deal first appeared on Business Hallmark.

JUST IN: PZ Cussons Finally Exits Nigeria After Selling Asset $70m

The Genius Media JUST IN: PZ Cussons Finally Exits Nigeria After Selling Asset $70m JUST IN: PZ Cussons Finally Exits Nigeria After Selling Asset $70m   The Genius Media Nigeria reports that PZ Cussons Plc has finally exited Nigeria after it sold its PZ Wilmar Limited stake, a Nigerian palm oil business it co-founded in 2010. The organisation has agreed to sell its 50 per cent stake in PZ […] www.thegeniusmedia.com.ng

PZ Cussons Exits Palm Oil JV As Wilmar Buys 50% Stake For $70m

PZ Cussons Plc and Wilmar International Limited jointly announce Wednesday that the two parties have agreed definitive terms for Wilmar to purchase the 50 per cent equity stake in PZ Wilmar Limited held by PZ Cussons plc, for cash consideration of $70m. According to the transactional document, completion of the transaction is subject to a number of relevant approvals. Following the completion of the transaction, Wilmar will hold 100 per cent of …

Cussons sells $70m Nigeria stake, narrows guidance – Northern Financial Review

Manchester consumer products company PZ Cussons plc announced an agreement to sell its 50% equity interest in Nigerian edible oils business PZ Wilmar Limited to joint venture partner Wilmar International Limited for $70 million in cash (£51 million). PZ Cussons also provided an update on trading for the FY25 financial year ended May 31, 2025, saying that guidance for FY25 adjusted operating profit is now £52 million to £55 million — a narrowing …

PZ Cussons Exits Nigeria’s Palm Oil Sector, Sells PZ Wilmar Stake to Wilmar International for $70 Million - TV360 Nigeria

PZ Cussons Plc has agreed to sell its 50% stake in PZ Wilmar Limited to its joint venture partner, Wilmar International Limited, in a $70 million cash deal, marking its complete exit from Nigeria’s palm oil industry. The deal, announced on Wednesday, will give Singapore-based Wilmar full ownership of PZ Wilmar, the company behind popular cooking oil brands like Mamador and Devon King’s. The transaction is expected to be completed by Q4 2025, pen…