Julius Berger to establish subsidiary in Benin Republic

Julius Berger Nigeria Plc has notified its Shareholders, Nigerian Exchange Limited and the investing public that its wholly owned subsidiary, Julius Berger Investments Limited (JBIL), has resolved to establish, incorporate, and register a wholly owned subsidiary company, limited by shares, under the provisions of the laws of Benin Republic to carry on the business of planning and construction of all kinds of civil and engineering works in the Republic.

The establishment of this subsidiary would enable Julius Berger be responsive to the emerging business opportunities, in the Republic and environs.

The Board of JBIL approved the establishment of the subsidiary company to be situated at lot 3251, les Cocotiers, Cotonou, Benin and the appointments of Mr. Christophe Fierens as the Resident Executive Director, Engr. Goni Musa Sheikh and Mr. Jochen Stolle as the NonExecutive Directors and Mrs. Cecilia Ekanem Madueke as the Company Secretary.