United African Company of Nigeria to sell 51% stake in real estate subsidiary to Custodian Investment

NIGERIA – United African Company of Nigeria is in the advanced stages of selling its 51% stake in its real estate subsidiary- UACN Property Development Company Plc – to Custodian Investment Plc. A statement from the company’s board of directors revealed that the company has already signed a binding agreement with Custodian Investment Plc for the intended sale of the real estate subsidiary. The agreement, according to statement from UACN, marks the beginning of a partnership between Custodian and UAC that will achieve both companies’ respective objectives in the real…

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