How Otukedo’s First Bank Debts Facilitated Honeywell, Flour Mill Merger

The business combination between Flour Mills of Nigeria Plc (FMN) and Honeywell Flour Mills Plc was fast-tracked by the humongous debt owed First Bank by Honeywell, The Star Nigeria has reported. The Star reports that Flour Mills acquired the 71.69 percent stake of billionaire Oba Otudeko in the Honeywell Flour Mills Plc (HFMP), a portfolio … Continue reading How Otukedo’s First Bank Debts Facilitated Honeywell, Flour Mill Merger