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As of 9:30 AM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

dangote flour mills plc (DANGFLOU) Snapshot

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01/2/14 - 10.40
52 Week Low
08/29/14 - 7.00
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dangote flour mills plc (DANGFLOU) Details

Dangote Flour Mills Plc, together with its subsidiaries, engages in milling, processing, and marketing branded flour products in Nigeria. The company offers bread and biscuit flour, wheat offal, and semolina, as well as noodles, spaghetti, macaroni, etc. It is also involved in the manufacture and sale of packaging materials, such as sacks. The company was founded in 1999 and is based in Lagos, Nigeria. As of October 4, 2012, Dangote Flour Mills PLC operates as a subsidiary of Tiger Brands Limited.

Founded in 1999

dangote flour mills plc (DANGFLOU) Top Compensated Officers

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Executives, Board Directors

dangote flour mills plc (DANGFLOU) Key Developments

Dangote Flour Mills PLC Presents at Bank of America Merrill Lynch Africa Conference, Apr-29-2013

Dangote Flour Mills PLC Presents at Bank of America Merrill Lynch Africa Conference, Apr-29-2013 . Venue: Bank of America Merrill Lynch Financial Centre, 2 King Edward Street, London EC1A 1HQ, United Kingdom.

Dangote Flour Mills PLC Announces Executive Appointments

Dangote Flour Mills PLC has appointed Messrs Peter Bambatha Matlare and Nthabiseng Segoale as Vice Chairman and Group Managing Director/Chief Executive Officer. The appointment followed the reconstitution of the Board of Directors of the company at its meeting of October 4, 2012. Other members of the board include Olakunle Alade, Olufunke Ighodalo, Patrick Sithole, Asue Ighodalo, and Thushen Govender. Nthabiseng Segoale started as a Technical Advisor, Product Formulation with Bokomo Feeds (subsidiary of Pioneer Foods Ltd) in 1995 and later Technical Advisor, R & D in 1997. Segoale was appointed Managing Director of Dell Foods Nigeria (Pty) Ltd. (a subsidiary of Tiger Brands Ltd. in July 2012). He has attended many seminars and training programmes among them a Leadership Development Programme organised by Wits Business School. Breakthrough Programme for Senior Executives and Board Leadership Programme. Matlare joined Vodacom South Africa in April 2005 as Executive Director Commercial and later Chief of Strategy and Business Development. He joined Tiger Brands Limited in April 2008 as Chief Executive Officer. Govender is an expert in negotiation and establishment of influential relationships in cross cultural environments. Sithole joined Tiger Brands Limited on August 1, 2012 as Group Supply Chain Executive. He has broad FMCG experience. Over a period time he has developed skills and competencies which has enabled him to manage complex, customer-focused supply chains. He has been exposed to World-Class concepts and developed and implemented strategic changes to gain the maximum benefit from people and asset base.

Tiger Brands Reportedly To Acquire Remaining Stake In DFM

According to market speculations, Tiger Brands Limited might acquire the remaining stake in Dangote Flour Mills PLC (DFM). Stock market sources reported that Tiger Brands might launch a tender offer to the minority shareholders to acquire 26.7% stake in Dangote. A market source said, "We see a tender offer coming but we cannot say the exact time. However, it is very certain that Tiger Brands would want to settle the minority shareholders and be in total control of DFM."


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