In a significant move in the Nigerian financial markets, Preline Limited has finalized its compulsory takeover of 1.3 million shares in Eterna Plc. This transaction, meticulously executed at a purchase price of N13.50 per share, not only underscores Preline's strategic investment in Eterna Plc but also contributes to the diversification and strengthening of its portfolio in the Nigerian Exchange Limited. The acquisition represents a minor yet strategic portion, constituting 0.10 percent of the entire business capital at Eterna Plc. Such precision in acquisition demonstrates the depth of strategic planning and confidence Preline Limited has in Eterna's long-term growth prospects.
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