January 12, 2018 / 1:08 PM / 6 days ago

Nigerian bourse suspends trading on Seven-Up shares

LAGOS, Jan 12 (Reuters) - Nigeria’s bourse has suspended the shares of Seven-Up Bottling Co. following a takeover bid from majority shareholder Affelka to minority holders, the stock exchange said on Friday.

Seven-Up shareholders have passed a resolution to back the takeover bid by Affelka which will see the company delisted from the bourse, the exchange said in a notice. (Reporting by Chijioke Ohuocha; editing by Jason Neely)

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