Category: Business

January 12, 2024, 8:36 am

Cadbury Nigeria to sell 402m shares over inability to pay $7.7m debt

Cadbury Nigeria to sell 402m shares over inability to pay $7.7m debt

Cadbury Nigeria has offered to swap its $7.7 million (N7.03 billion) debt owed to Cadbury Schweppes Overseas Limited for more equity. Cadbury Schweppes Overseas Limited, controlled by Mondel–z International Inc, is a major investor in Cadbury Nigeria with 74.97 percent stake.

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