{
  "id": 11008861,
  "title": "UAC Nigeria exits Livestock Feeds in N19.5 billion deal with Sunbeth",
  "url": "https://urgent.news/2026/09/30/uac-nigeria-exits-livestock-feeds-in-n19-5-billion-deal-with-sunbeth",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-30T18:26:27.000Z",
  "source": {
    "name": "Nairametrics",
    "slug": "nairametrics",
    "url": "https://nairametrics.com/2026/09/30/uac-nigeria-exits-livestock-feeds-in-n19-5-billion-deal-with-sunbeth/"
  },
  "original_language": "en",
  "account": "UAC Nigeria, a Nigerian conglomerate, has finalized the sale of a 73.29% stake in Livestock Feeds Plc to Sunbeth Treenuts and Sesame Limited in a N19.5 billion cash deal. The agreement, disclosed by UAC's Company Secretary and Group General Counsel, Ayomipo Wey, values Livestock Feeds shares at N8.85 each, pending regulatory approvals. This transaction concludes UAC's 10-year control of Livestock Feeds, a business it initiated in 2013. Upon completion, UAC aims to leverage the divested business to further expand its presence within Nigeria's agro-processing sector. UAC General Managing Director, Fola Aiyesimoju, highlighted the close collaboration with Livestock Feeds' management over the years, enabling significant growth for the company. Sunbeth CEO, Jeroen de Ruijter, emphasized that the acquisition bolsters the firm's strategy to construct an integrated African agribusiness platform. He acknowledged Livestock Feeds' robust legacy, prominent brands, and pivotal role within Nigeria's agricultural industry. Post-acquisition, UAC's immediate emphasis will be on optimizing operations and improving supply-chain efficiency. The deal signifies Sunbeth's dedication to broadening its footprint beyond traditional agricultural sourcing, warehousing, and commodity trading into a more extensive agro-industrial enterprise. The acquisition aligns with Sunbeth's vision of merging its agricultural sourcing network with Livestock Feeds' manufacturing operations, potentially enhancing supply-chain integration and market reach. Legal counsel for UAC was provided by Banwo & Ighodalo, while financial advisors for Sunbeth included FigPartners Africa and CardinalStone Partners. For the latter, Olaniwun Ajayi LP served as legal adviser. The transaction's finalization hinges on securing the necessary regulatory clearances. The Livestock Feeds divestment follows UAC's recent consolidation of its acquisition special purpose vehicle, UAC Food and Beverage Company Limited, into C.H.I. Limited, as part of efforts to streamline its corporate structure post-acquisition.",
  "summary": "UAC of Nigeria Plc has agreed to sell its 73.29% shareholding in Livestock Feeds Plc to Sunbeth Treenuts and Sesame Limited in an all-cash transaction valued at N19.5 billion. The post UAC Nigeria exits Livestock Feeds in N19.5 billion deal with Sunbeth appeared first on Nairametrics .",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}