BUA Group, regarded as one of Africa’s biggest infrastructure firms, has announced its acquisition of majority shareholding in P.W. Nigeria Limited, regarded as one of Nigeria’s biggest construction, engineering and mining firms. In accordance with BUA, this used to be main to additional deepen its investments in the infrastructure industry in sub-saharan Africa. Talking on the acquisition, Abdul Samad Rabiu, Govt Chairman of BUA Group, said: “This acquisition marks the initiating of the next share of our medium term strategy for our infrastructure industry following the completion of the consolidation of our cement arm, BUA Cement, in January 2020. “BUA’s acquisition of majority holdings in PW Nigeria Limited gives a high different to amplify our investments in the total price chain of the Cement, Mining and Constructing industry the attach we already have BUA Cement Plc, the 2nd biggest cement firm in Nigeria, as properly as investments in assorted areas including mining, quarrying, construction, energy and logistics amongst others. “We predict about P.W. Nigeria Ltd with its stable trip in building dams, roads, airports, water initiatives and various infrastructure initiatives in Nigeria equipped a stable price proposition too subtle to put out of your mind.” Rabiu additional added that as Nigeria and most of West Africa to find to improve infrastructural vogue in the arriving years, it became imperative for BUA to plot itself strategically to toughen extreme investments and executive effort and release latent alternatives in the infrastructure vogue home. The acquisition of P.W. Nigeria extends BUA’s investments, management and skill in the infrastructure home and initiatives are expected to defend pleasure in a just integration of BUA’s cement industry and PW Nigeria’s construction industry. On the initiating founded in 1948 in Eire, and later began operations in Nigeria in 1974, P.W. Nigeria Limited has now over 45 years of trip working in Nigeria and in direction of the West Africa space. P.W. Nigeria has an intensive as a lot as the moment snappy of construction instruments and a bunch of extremely expert and expert workers. A assertion by the firm said: “It is far extremely committed to the persisted vogue of Nigeria. “We boast a various portfolio comprising mining, earthmoving, roads and bridges, airport runways, infrastructure vogue, water provide and sewage. “These initiatives have no longer easiest helped develop local economies, nonetheless also improved the quality of life for the communities and folk in the gap. “Now we have an unmatched combination of data, skill, trip and customer commitment coupled with sound financial backing which elevates us as your number one companion in Nigeria and West Africa.” BUA Group used to be established in 1988 by founder and industrialist, Abdul Samad Rabiu, and has grown over time to entrench its plot as a main participant in the meals, mining, manufacturing and infrastructure home in Africa with necessary investments in cement, mining, accurate property, metal, port operations, sugar and agribusiness. With key operations unfold across Nigeria and an world presence in London, BUA Group has firmly established a reputation as regarded as a number of the biggest contributors to Nigeria’s GDP. Its key cement retaining, BUA Cement, is the 2nd biggest producer of Cement in Nigeria and is listed on the Nigerian Stock Alternate.
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