UAC Nigeria Plc has deposited N19.2 billion as part of its share purchase agreement for the acquisition of CHI Limited. The transaction marks the most significant corporate transaction in Nigeria’s fast-moving consumer goods space this year.
According to the group’s third-quarter 2025 financial statement, the amount represents a portion of the total purchase consideration for the acquisition. However, the full transaction value remains undisclosed.
To fund the transaction, UAC Nigeria disposed of all its Eurobond investments during the review period. As of June 30, 2025, the group held Federal Government of Nigeria (FGN) Eurobonds, Ecobank Transnational Incorporated (ETI) Eurobonds, and Ecobank Nigeria Eurobonds worth a combined N5.58 billion. These were sold for N5.5 billion to generate liquidity for the CHI acquisition.