Nigerian cocoa processor to raise US$51 million

摘要

Nigerias largest cocoa processor, Multi-Trex, is seeking 6 billion naira ($50.92 million) through a private placement to expand capacity. "The private placement is being undertaken as a key step towards fulfilling the company's strategic goals...to overcome the challenge of cocoa processing in origin countries and take advantage of emerging opportunities," Multi-Trex chairman Bayo Akinnola said.