The shares of UAC of Nigeria Plc were on demand on Wednesday following the company’s disclosure that it has entered into an agreement to acquire Chivita|Hollandia (CHI Limited) from The Coca-Cola Company.
Investors defied UACN half-year earnings dropped by 23 percent on cost pressure, rallying by 9.94 percent to N73, its 52-week high as against 52-week low of N16.15.
UAC of Nigeria Plc recorded a 22.9 percent decline in its after-tax profit to N7.36 billion in the first half of 2025, down from N9.54 billion in the same period of 2024, as higher finance costs eroded gains from operating efficiencies.