WorldStage Newsonline– Ellah Lakes Plc, a fish farming enterprise in Port Harcourt, Nigeria that supplies fresh water fish to local markets has announced that it entered into exclusive discussions with a counterparty regarding a potential purchase of 100% of the shares of an oil palm processing Company with substantial assets in Delta State.
In a note sent to the Nigerian Stock Exchange (NSE), Ellah Lakes said “Though a binding term sheet has been agreed, the completion of the proposed transaction is subject to regulatory approvals and execution of a definitive agreement.
“Ellah Lakes Plc will update the market appropriately and in accordance with its disclosure obligations.
“Accordingly, shareholders are advised to exercise caution when dealing in the securities of Ellah Lakes Plc until a full announcement is made. “
The company was founded in 1980.
