Julius Berger in a notification at the Nigerian Stock Exchange on Thursday signed by C. E. Madueke (Mrs.), Company Secretary said the Board gave the approval at its meeting held on September 22, 2020.
“The Board of Directors and the Executive Management of Julius Berger strongly believes that this diversification direction would support the continued success of the Group in the future and align with the strategic objective of the Government to stimulate value creation in Nigeria,” the note said.
“We trust that the Market would accept and react favorably to the information given above.”
The note said “Julius Berger has a proven record of reliably delivering construction solutions to the highest standards for 50 (fifty) years. Julius Berger’s success is founded on our leading technical expertise, innovation and partnership towards Nigeria’s development.
“Julius Berger’s business is centered around a long term strategy. The goal of the Board of Directors and the Executive Management of Julius Berger is to deliver on that strategy by maintaining and strengthening the Company’s competitive advantages in the Construction sector, and Capital Market.
“We have severally advised the Market that Julius Berger will be looking into diversification opportunities, based on the emerging developments, political, economical and structural in Nigeria and the resultant reforms by the Governments. (World stage Newsonline)
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