Nigeria: Firm buys Paints and Coatings Manufacturers from AMCON

The Asset Management Corporation of Nigeria (AMCON) has sold the fourth largest equity stake in Paints and Coatings Manufacturers Nigeria (PCMN) Plc to Bizfeat Ventures Limited. Details obtained by The Nation indicated that AMCON, the bad-debt resolution corporation floated by the government, transferred its 74 per cent equity stake in PCMN to Bizfeat Ventures through a…

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