AMCON to Divest Stake in Peugeot Automobile Nigeria

The Asset Management Corporation of Nigeria, AMCON, has announced its plan to divest its shareholding in the Peugeot Automobile Nigeria, PAN Limited.

A notice signed by the management of AMCON showed that it owns 79.31 per cent of the shares of PAN Nigeria Limited.

The audited financial statements of PAN by December 31, 2014 showed that the company’s total assets stood at N24.96 billion, while its total equity stood at N11.98bn. As part of the process of selling its stake in the company, AMCON has invited interested bidders to express their interest in bidding for the acquisition of its entire shareholding in PAN.
Read more at http://www.dailytrust.com.ng/news/business/amcon-to-sell-stake-in-pan/128617.html#z94LQiceSh5Oqiy2.99