SAHCO signs N1.9bn IPO offer documents

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By Peter Egwuatu

Skyway Aviation Handling Company, SAHCO Plc, has concluded arrangement to float an Initial Public Offering, IPO, of about N1.9 billion, the first in the capital market after four years of primary market lull. Parties to the issues, yesterday, signed the offering documents.

File: L-R: Dr. Oluropo Owolabi, Managing Director/CEO, Skyway Aviation Handling Limited (SAHCOL), Mr. Markus Brinkmann, Managing Director, Sifax Group, Dr. Taiwo Afolabi, Honorary Consul of Djibouti in Nigeria and Mr. Aboubaker Omar Hadi, Chairman, Djibouti Ports and Free Trade Zone Authority, during the Djibouti Business Forum organised by Sifax Group and Djibouti Consulate in Lagos.

The company which was privatised in 2009 and acquired by Sifax Group would be raising the fund by way of offer for sale of 406,074,000 ordinary shares of 50 kobo each at N4.65 per share.

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