By Onuminya Innocent in Sokoto
Kalambaina Cement Sokoto on Thursday announced its merger with the Cement Company Of Northern Nigeria (CCNN).
Briefing journalists after an extra-ordinary general meeting of the shareholders, the Chairman of the company, Alhaji Abdulsamad Rabiu, who also doubles as the chairman of CCNN, said the deal would involve highly technical and complex infusion of the two companies.
To that end, the company has obtained an exparte summons from the Federal High Court.
Rabiu added that with the merger, the shareholders have a lot to benefit when the deal is approved by the Securities and Exchange Commission (SEC).
According to him, it would give room for the company to expand as well as enhance optimum production and its exportation capacity.
He stressed that with Sokoto as a border town, the company has a challenge of…
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