Honeywell plc 16
For over two decades, we have supported Honeywell Flour Mills to build a strong business with a production capacity of 835,000 metric tonnes of food per annum. Honeywell has returned 182.5 per cent in the past one year, according to Financial Times data.įMN reported revenue in the sum of N771.6 billion for the financial year ended 31st December 2020, bigger than what was recorded by Nigeria’s biggest bank Access Bank for the same period, standing at N764.7 billion.Ĭommenting on the transaction, the Managing Director, Honeywell Group, Obafemi Otudeko, said, “Today’s announcement is in line with the evolution of Honeywell Group and our vision of creating value that transcends generations. The deal marks the third major merger and acquisition transaction involving a quoted company this month, following Rainoil’s buyout of more than 60 per cent stake in Eternal Oil and Ardova’s takeover of Enyo Oil. That could mean FMN will be taking over about 6.09 billion units of Honeywell’s 7.93 billion ordinary shares, priced at an opening price of N3.39 per unit last Monday.īut the disposal of the 71.69 per cent stake by Honeywell will be conducted on the basis of an enterprise value N80 billion. The agreement enables Flour Mills to purchase 71.69 per cent stake in Honeywell, while a separate pact with FBN Holdings Group allows the miller to acquire the financial services group’s stake of 5.06 per cent in Honeywell, bringing its consolidated holding in Honeywell to 76.75 per cent, according to a regulatory filing at the Nigerian Exchange Limited last Monday. It stated that stakeholders would benefit from the more than 85-year combined track record of FMN and HFMP as well as their shared goal of making affordable and nutritious food available to Nigeria’s population. “The complementary transaction combines FMN’s market-leading offerings that include grain-based foods, sugar, starches, oils, spreads and breakfast cereals with HFMP’s market leading diverse and differentiated range of carbohydrate products,” it said. “Consequently, upon completion of the acquisition, and subject to obtaining all requisite regulatory approvals, FMN is set to hold a circa 76.75 per cent equity interest in HFMP,” it said.Īccording to the joint statement, the proposed combination is subject to approval from the appropriate regulators. Moreover, there’s always an extra bonus for bulk orders.The two companies, in a joint statement, said Honeywell Group would dispose of a 71.69 per cent stake in its listed subsidiary to Flour Mills at a total enterprise value of N80bn.įlour Mills announced in a separate statement that it had entered into an agreement with First Bank of Nigeria Limited to acquire the bank’s 5.06 per cent equity in HFMP. If you need the following information, you can contact us, such as Honeywell PLC catalogue, Honeywell PLC PDF, Honeywell PLC manual, Honeywell PLC programming, Honeywell touch screen manual, and Honeywell PLC programming manual. Here you can find the most competitive Honeywell PLC price.
Honeywell plc 16 series#
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Honeywell is the leading automation manufacturer that supplies a complete lineup of PLC/SCADA with DCS elements. Honeywell programmable logic controller line consists of the ControlEdge HC900, ControlEdge RTU, ControlEdge Modular PLC and MasterLogic. It has a history of more than 100 years, serving customers in the global building, industrial, aerospace and aviation markets. It is an international company engaged in the development and production of automatic control products.