SAHCO IPO: States’ll be treated equally, says BPE

Ahead of the Initial Public Offering of Skyway Aviation Handling Company Plc, the Bureau of Public Enterprises has said the 36 states of the federation and the Federal Capital Territory will be treated on an equal basis in the allotment of the shares of the company. In a statement made available to our correspondent in Abuja on Wednesday by the Head, Public Communication at BPE, Amina Othman, the Director General, Mr Alex Okoh, described the IPO as the first the privatisation agency would be facilitating in four years. The public offering for the sale of 406,074,000 ordinary shares of SAHCO will open on November 12 and close on December 19. Okoh said it would be a great a milestone for the BPE and the privatisation programme in Nigeria, urging the investing public to take advantage of the offer. The BPE boss advised the prospective investors to consult their stockbrokers and financial advisers for subscription. Read More