FUTUREVIEW Asset Management Limited has acquired a 10.45 percent stake in Zichis Agro-Allied Industries Plc after purchasing 126.97 million ordinary shares in the agro-allied company.
The transaction, concluded on November 3, 2026, involved the acquisition of the shares from Chilla Entertainment Limited, making Futureview a substantial shareholder in Zichis Agro-Allied.
The company disclosed the transaction in a notice to the Nigerian Exchange Limited and the investing public dated November 6, 2026.
Following the deal, Futureview holds 126,967,213 ordinary shares, representing 10.45 percent of Zichis Agro-Allied’s issued share capital.
The transaction involved the transfer of existing shares and did not result in the issuance of additional shares by the company.
The disclosure was signed by the Company Secretary, Solomon Ogie Itsede, on behalf of the board.
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In February, Zichis took a major step in advancing its long-term growth strategy with the acquisition of 2,000 acres of land in Ogun State to expand its oil palm plantation and processing capacity.
The company signed land purchase agreements with the communities of Ajebo and Ogbere in Ogun State. The acquisition forms part of the company’s medium- to long-term plan to strengthen its position in Nigeria’s oil palm industry and deepen its footprint across the agricultural value chain.
In October, Zichis said it was considering acquiring a 221-hectare palm plantation owned by The Amandel Palm Company Limited in Ifon, Ondo State.
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The company disclosed this in a notice to the Nigerian Exchange Limited dated October 22, 2026, stating that its board would meet on Friday, October 23, to consider the proposed acquisition and other matters.
The board was also scheduled to consider and approve the company’s unaudited interim financial statements for the nine months ended September 30, 2026.
The proposed transaction would involve the commencement of the acquisition process for the palm plantation. The company did not disclose the proposed purchase price, the expected completion date or other financial details of the transaction in the notice.
