Honeywell Group, Flour Mills to create national champion for food manufacturing
Honeywell Group Limited (HGL) and Flour Mills of Nigeria Plc (FMN) have signed an agreement to combine FMN and Honeywell Flour Mills Plc (HFMP), a portfolio company within Honeywell Group. Through this agreement, Honeywell Group will transfer a 71.69 percent stake in Honeywell Flour Mills to Flour Mills of Nigeria at a total enterprise value of N80 billion.
