SAHCOL officially lists on The Nigeria Stock Exchange

Today’s listing is a promising development in the country, being that SAHCOL is the first company under the BPE privatization programme to successfully finalize an Initial Public Offering and list its shares on a securities exchange.

Express Posting reported that SAHCOL was scheduled to list on the Nigeria Exchange today and we can confirm that the listing was a success.

The company sold 1.35 billion shares on NSE at N4.65.

The Chief Executive Officer, SAHCO, Mr Basil Agboarumi, said “This is in partial compliance (as approved by the BPE) with the share sale and purchase agreement executed in respect of the Federal Government’s divestment of 100 percent equity stake in the erstwhile Skypower Aviation Handling Company Limited.

“This listing will give Nigerians the opportunity to participate in the company’s growth story. The listing will also improve the liquidity of the company’s shares, increase the company’s visibility and credibility in the Nigerian market and beyond.”

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SAHCO to list shares on Nigeria Stock Exchange following IPO plan

Skyway Aviation Handling Company PLC (SAHCO) is expected to go public in other to raise funds from investors and it will list on the Nigeria Stock Exchange no earlier than this week.

Proposed deal IPO offer by SAHCO

SKYWAY AVIATION HANDLING COMPANY PLC

INITIAL PUBLIC OFFERING

by way of an Offer for Sale Of

406,074,000

Ordinary shares of 50 k obo each
at
N4.65 per share

Payable in full on Application

Following the completion of its initial public offering (IPO), Skyway Aviation Handling Company (SAHCO) Plc, will this week list its shares on the Nigerian Stock Exchange (NSE).

What does Sahco Nigeria do ?

“Skyway Aviation Handling Company Plc (SAHCO) is 100% owned by the Sifax Group and incorporated as an Aviation Ground Handling Service Provider under the Nigerian Company & Allied Matters Act of 1990.

SAHCOL which was formerly known as Skypower Aviation Handling Company Plc (SAHCO), before it was privatized and handed over to the Sifax Group on the 23rd of December 2009,was carved out of the liquidated Nigeria Airways Limited as part of the Nigerian Federal Ministry of Aviation’s reform of 1996.

Skyway Aviation Handling Company Plc (SAHCO), with its new private sector management composition and orientation has kicked off the development of business models geared towards ushering in efficient service delivery. Hence, SAHCO has invested in personnel development, state-of-the-art fleet replacement and massive infrastructural development, to ensure efficient and speedy service delivery.

Our duties in SAHCO involve all the actions that take place from the time an aircraft touches down on the tarmac to the time it is airborne. We also ensure that the right assignment is carried out in an efficient, speedy and safe manner, deploying the right tools.

SAHCO is significantly present in all the commercially operated airports in Nigeria, where excellent and speedy services are offered in the following areas: Ramp handling, Passsenger handling and Cargo handling”

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Babajide Sanwo-Olu, the new governor of Lagos State elect spend time with Nigeria Billionaires

Nigeria billionaires gathered to spend time with the New Governor of Lagos state, Nigeria.

These guys will enjoy Lagos more than the rest of us. @aliko_dangotegcon @femiotedola@jidesanwoolu and others. #Dangote#FemiOtedola #Otedola #investment#investing #africa #Nigeria #forteoil

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