Julius Berger Nigeria Plc has announced plans to establish a wholly owned subsidiary in Benin Republic.
According to a notice filed by the company secretary, Cecilia Madueke, on the Nigeria Exchange Limited on Monday, its subsidiary, Julius Berger Investments Limited, has resolved to incorporate and register the new company under the laws of Benin Republic.
“Julius Berger Nigeria Plc wishes to notify its shareholders, the Nigerian Exchange, and the investing public that its wholly owned subsidiary, Julius Berger Investments Limited, 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 statement partly reads.
Madueke added that the subsidiary will focus on the planning and construction of civil and engineering works in the country.
The Board of JBIL also approved the appointments of Christophe Fierens as the Resident Executive Director, Goni Sheikh and Jochen Stolle as Non-Executive Directors, and Cecilia Madueke as the Company Secretary.
Julius Berger is a Nigerian construction company that provides a range of services for buildings, infrastructure, and industrial projects.
