SAHCO eyes expansion as N1.89bn IPO closes

Skyway Aviation Handling Company Plc has revealed plans to expand as its N1.89bn Initial Public Offering draws to a close. The firm, in a statement on Monday, said it planned to consolidate its leading position in the Nigerian aviation handling industry by expanding into other West African countries as part of efforts to ensure long-term value for shareholders. The statement read in part, “SAHCO plans to ride on the back of the success of its ongoing IPO to further push its vision of becoming the leading provider of aviation handling services in the West African region. “Through the IPO, we are offering 406.074 million ordinary shares of 50 kobo each at N4.65 per share. Application list for the N1.89bn IPO closes on Wednesday, January 09, 2019.”PUNCH