Dangote Sugar Refinery has announced the suspension of its proposed merger with Dangote Rice Limited and NASCON Allied Industries Plc for the time being.
The company, in a statement to the NGX, signed by its Secretary, Temitope Hassan, said the merging entities have agreed to suspend the proposed merger for now.
It noted that the suspension of the exercise was following recommendations of the Securities and Exchange Commission (SEC) on the status of the DRL.
In July 2023, Dangote Sugar Refinery Plc announced to the Nigerian Exchange Limited and the investing community its intention to merge with NASCON Allied Industries Plc. and Dangote Rice Limited.
