Wilmar International and TGI Group have agreed to form a joint venture combining their agri-food operating businesses in Nigeria and the Republic of Benin. Under the proposed deal, the companies merge their respective operations in the two countries into a single integrated platform through a newly created joint venture structure. Reporting from Nigeria indicates the transaction is set up on a 50:50 basis, with both partners contributing their operating businesses to the new entity. The arrangement is intended to consolidate the firms’ West African agri-food activities under one coordinated organization, rather than operate separately in each market. No details on financing, timelines, or regulatory approvals are provided in the available summaries, but the agreement is described as a planned combination of existing business operations in Nigeria and Benin. The JV is therefore positioned as a framework for managing and operating those agri-food assets jointly going forward.
Wilmar and TGI Group form 50:50 joint venture for West African agri-food businesses
Wilmar International and TGI Group have agreed to form a joint venture combining their agri-food operating businesses in Nigeria and the Republic of Benin. Under the proposed deal, the companies merge...
- Wilmar International and TGI Group agree to form a joint venture.
- The JV combines agri-food operating businesses in Nigeria and the Republic of Benin.
- The transaction consolidates the parties’ respective businesses into a single integrated platform.
- The joint venture is structured as a 50:50 arrangement between the two companies.
- The JV involves operations already held by each party in the two West African countries.
Wilmar has agreed to form a JV with TGI Group, combining their operating businesses in Nigeria and the Republic of Benin. The post Wilmar forms agri-food JV with TGI Group appeared first on Just Food.
2 months agoThe agreement is to combine the parties’ respective Nigerian and Republic of Benin operating businesses, into a single integrated platform through a new 50:50 joint venture (the “Transaction”). The post Wilmar International forms joint venture with TGI Group for West African agri and food businesses appeared first on Premium Times Nigeria.
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