Nigeria’s Ellah Lakes Plc acquires Telluria Limited to diversify operations

NIGERIA – Ellah Lakes Plc, a fishing company in Nigeria, has acquired full has acquired 100 percent equity stake in Telluria Limited, one of the leading oil Palm and cassava producers in the country, at an undisclosed amount. However, as a consideration for the acquisition of the entire stake of Telluria Limited by Ellah Lakes, the company has listed 1.88 billion ordinary shares at the Nigerian Stock Exchange of 50 Kobo each issued to the shareholders of Telluria Limited. Ellah Lakes Plc, in a statement to Nigerian Stock Exchange, said that…

Read More