Cement Company of Northern Nigeria Plc

Shareholders of Cement Company of Northern Nigeria approved a merger with Obu Cement Plc, expected to increase production capacity to 8 million MTPA, pending SEC and court approval.

Cement Company of Northern Nigeria (CCNN) and Obu Cement Company have signed a merger agreement. The combined entity will be named Obu Cement, and CCNN will be delisted.

A Federal High Court in Lagos sanctioned the merger between Cement Company of Northern Nigeria and BUA Group's Kalambaina Cement Company, creating an entity with 2 million MTPA capacity.

BUA Group's Kalambaina Cement Co received shareholder approval for a merger with Cement Company of Northern Nigeria (CCNN). The deal awaits final regulatory approval and will give CCNN a total installed capacity of 2Mta.

Cement Company of Northern Nigeria (CCNN) Plc received pre-merger approvals from the Securities and Exchange Commission and the Nigerian Stock Exchange for its planned merger with Kalambaina Cement Company Limited, a subsidiary of BUA Group, where Kalambaina's assets will be taken over by CCNN in exchange for shares.

Cement Company of Northern Nigeria Plc announced its new 1.5 million MTPA cement plant in Sokoto will be completed before Q3 2017, with a $300 million investment.