May 7, 2020 / 3:07 PM / 22 days ago

Nigeria's UAC to spin-off of property arm by July -MD

ABUJA, May 7 (Reuters) - Nigerian conglomerate UAC plans to complete an unbundling of its majority stake in its loss-making property arm UPDC by July, subject to coronavirus disruptions that might affect approval timings, the group managing director said on Thursday. (Reporting by Chijioke Ohuocha;Editing by Elaine Hardcastle)

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