Royal FrieslandCampina, the parent company of FrieslandCampina WAMCO Nigeria Plc has increased its equity stake in its Nigerian subsidiary, FrieslandCampina WAMCO from 54.58 per cent to 67.61 per cent, a 13.03 per cent additional shares worth approximately €180 million euros.

The CEO of Royal FrieslandCampina, Roelof Joosten said “The size of the market, the growth outlook and the commitment of the Nigerian people to bolstering the stability and economy of the country are two reasons why FrieslandCampina will continue to invest in its subsidiary, FrieslandCampina WAMCO.”