SAHCO offers 406m shares for subscription

The Bureau of Public Enterprises (BPE) has announced the inaugural initial public offer (IPO) of Skyway Aviation Handling Company (SAHCO) Plc.

Consequently, 406,074,000 ordinary shares of the firm are for sale in the offer which opens on November 12 and closes on December 19.

A statement by BPE’s Head of Public Communications, Mrs. Amin’s Tukur Othman, quoted the Director General, Mr. Alex A. Okoh, as urging the investing public to take advantage of the offer, which he considered a milestone.

Okoh said the shares would be equitably allotted and advised prospective investors to consult their stockbrokers and financial advisers for subscription.

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