• Most Popular
  • Most Shared

Cadbury Nigeria plans 22 bln naira share issue -NSE

Tue Jun 30, 2009 10:38am EDT

Stocks

   

LAGOS, June 30 (Reuters) - The Nigerian unit of British confectioner Cadbury (CBRY.L) filed an application on Tuesday for a 22 billion naira ($150 million) share issue, the Nigerian Stock Exchange (NSE) said.

Shareholders in Cadbury Nigeria (CADB.LG) approved plans earlier this month for a rights issue to reduce more than $100 million in bank debts that led to net losses for three years. (Reporting by Oludare Mayowa; Writing by Nick Tattersall)



More from Reuters

Photo

Accused 9/11 plotters may face NY "Guantanamo"

NEW YORK (Reuters) - If the men accused of plotting the September 11 attacks wonder what conditions they might face when they are moved to New York from Guantanamo Bay for trial, they can expect solitary confinement, 23-hour-a-day lockdowns, constant video surveillance and almost no visitors.

» More Top News
A broker waits for a phone call as he trades on the dealing floor at ICAP in Jersey City, New Jersey December 9, 2009. REUTERS/Lucas Jackson

Easy come, easy go

After a run of easy money this year, fund managers cast a wary eye on investment prospects in 2010.  Full Article 

Investment Outlook Summit

"I don't think this is the bottom. We're going to have more problems in the world economy. We're papering over the problems more than anything else."

Well-known investorJim Rogers,
on the sinking greenback and the fundamental problems with the U.S. economy
    Currencies