Daily Archives: January 15, 2018

Nigerian Stock Exchange suspends trading of Seven-Up shares

January 15, 2018   Editor   No comments

The Nigerian Stock Exchange (“NSE”) announced on Friday that it was permanently suspending the trading in shares of Seven-Up Bottling Company Plc (“7-Up Bottling Company Plc”) on the floor of “The Exchange” as it tries to determine the shareholders who will receive the Scheme Consideration following the company’s majority shareholder, Affelka S.A (“Affelka”), buyout of the remaining shares of minority shareholders it does not already own.

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Lactalis recalls baby milk in 83 countries over salmonella contamination

January 15, 2018   Editor   No comments

The Head of a French dairy firm Lactalis Group said on Sunday that its company has recalled 12 million cases of powdered baby milk in 83 countries that may have been possibly contaminated with salmonella.

The Chief Executive Officer (CEO) of Lactalis Group, Emmanuel Besnier said that the firm would compensate victims of salmonella-tainted baby milk that has sickened 37 children in France, one in Spain and a suspected case in Greece. The CEO added that the recalls were underway in an interview with French Journal du Dimanche newspaper. He said that the recall involved the Picot, Milumel, Celia and Taranis brands of powdered baby milk, adding that no new cases have been reported since 8th December, a week after the recall was first announced.

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