The Cement Company of Northern Nigeria (CCNN) has told Nigerian business and trade media that its plan to merge with Kalambaina Cement Company (Kalambaina) has obtained legal and shareholder approval.
It is being widely reported in the West African country that the CCNN-Kalambaina merger will lead to an increase in the enlarged company’s cement production to 2 million tonnes/year.
The merger deal is subject to approval by regulatory authorities including the Nigerian Stock Exchange and the Security and Exchange Commission (SEC).
