UAC of Nigeria Plc has received from the Federal Competition and Consumer Protection Commission the permission to proceed with its planned acquisition of CHI Limited, the maker of Chivita fruit juices and Hollandia Yoghurt, the company stated in a disclosure on Friday.
The approval from the industry regulator, which has now taken the transaction past its pivotal stage, leaves UAC to wrap up talks with Coca Cola towards finalising the buyout.
“We are excited to officially…
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