Lagos-based Greek tycoon John Coumantaros’ stake in Flour Mills nears $100 million
The rise builds on earlier gains of $11.12 million between June 7 and Aug. 13, when his stake in Flour Mills rose from $62.13 million to $73.24 million.
The rise builds on earlier gains of $11.12 million between June 7 and Aug. 13, when his stake in Flour Mills rose from $62.13 million to $73.24 million.
Despite a tough fiscal year, the group plans to reward shareholders with a proposed dividend of N7.38 billion ($4.9 million)
The increase in the market value of John Coumantaros’ stake reaffirms his position as a leading investor on the Nigerian Exchange
The rise in the market value of Coumantaros’ stake in Flour Mills cements his position as a top investor on the Nigerian Exchange.
Founded in 1960 by the late George Coumantaros and now led by his son John Coumantaros, Flour Mills has become a major player in Nigeria’s food and agro-allied industries.
Coumantaros faced significant losses as the company’s shares took a recent hit on the Nigerian Exchange.
Flour Mills of Nigeria Chairman John Coumantaros holds a 63.34-percent stake in the company.
Coumantaros, ranked as one of the richest investors on the Nigerian Exchange, holds a 63.34 percent stake in Flour Mills of Nigeria.
Coumantaros, a Greek business magnate, is one of the wealthiest industrialists on the Nigerian Exchange, owning a 63.34-percent stake in Flour Mills of Nigeria.
Coumantaros ranked as one of the richest investors on the Nigerian Exchange, owns a 63.34-percent stake in Flour Mills.
Coumantaros’ 63.34-percent stake in the agro-allied group is still up by over $6 million since the start of the year.
Coumantaros, a Nigeria-based Greek businessman, controls 63.34 percent of Flour Mills.
Coumantaros holds a significant 63.34-percent stake in Flour Mills.
Coumantaros controls 63.3 percent of Flour Mills through Excelsior Shipping Company Limited.
Coumantaros controls a majority 63.34-percent stake in the company.
Coumantaros owns a 63.34-percent stake in the agro-allied group.