A significant transaction has taken place involving UAC of Nigeria Plc. The company is selling a majority stake in a subsidiary. This subsidiary, Livestock Feeds Plc, is being acquired by Sunbeth Treenuts and Sesame Limited.

The terms of the deal are known to involve an all-cash payment. The total value of this transaction is substantial, reaching N19.5 billion.

Further details about this acquisition can be found through Nairametrics, including the exact shareholding percentage being sold, which is reportedly over 73%.