Nigeria's Biggest Miller Targets Acquisitions for Growth

Flour Mills of Nigeria Plc, the country’s biggest miller by market value, will seek expansion opportunities in Africa after streamlining its domestic business to focus on food in the continent’s biggest economy.

“That will be the next phase of growth,” Chief Executive Officer Paul Gbededo said in an interview on July 24 in Lagos, Nigeria’s commercial capital.

Flour Mills of Nigeria will target joint ventures and acquisitions in other countries, he said, declining to name them or give a time frame.

Read more: Nigeria’s Biggest Miller Targets Acquisitions for Growth – Bloomberg Business

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