Austin Laz gets shareholders’ nod for N2.1bn expansion capital

From Ighomuaye Lucky, Benin

Shareholders of Austin Laz and Company Plc have authorised the board of directors to raise additional capital of up to N2.1 billion, or such other amount as may be determined, through a private placement.

The approval also empowers the board to determine the terms and conditions of the capital raising, which may be executed through a business combination, merger,…