African Bank considers hefty buyout of Ellerines

African Bank Investments Limited (ABIL) is vying for a P8.57 billion total buyout of BSE-listed credit retail furniture concern Ellerines.

ABIL is looking at acquiring the entire issued ordinary share capital of  the company at a price of P73.95 per share.

The board of directors of Ellerines has already received  a  request letter from ABIL and has expressed interest in the lucrative deal; the directors believe there is merit  in pressing ahead with the transaction.

Editor's Comment
Women unite for progress

It underscores the indispensable role women play in our society, particularly in building strong households and nurturing families. The recognition of women as the bedrock of our communities is not just a sentiment; it's a call to action for all women to stand together and support each other in their endeavours.The society's aim to instil essential principles and knowledge for national development is crucial. By providing a platform for...

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