The Nigerian Stock Exchange (NSE) delisted Dangote Flour Mills (DFM) Plc from its official list, ending the 11 years history of the company as a quoted public limited liability company.
The delisting marked the formal conclusion of the acquisition of DFM by Crown Flour Mills, a subsidiary of Olam International Limited. The reversion of DFM to a private limited liability company and delisting from the NSE were part of the acquisition deal that saw conversion of DFM to a wholly owned subsidiary of Crown Flour Mills.
From a modest start as a division of Dangote Industries Limited in 1999, DFM was incorporated and commenced operations as a public limited liability company on January 1, 2006. It was listed on the NSE in 2008. Alhaji Aliko Dangote’s Dangote Industries Limited (DIL) owned the majority equity stake.
