The board of Presco Plc is in search of shareholder approval to accumulate a 100% fairness stake in Ghana Oil Palm Improvement Firm Restricted (GOPDC) for USD 124,926,600.
This was detailed in a discover filed with the Nigerian Trade (NGX), outlining proposals that can require shareholder approval on the firm’s Annual Basic Assembly (AGM) scheduled for August 19, 2025.
The discharge additionally acknowledged that the board plans to accumulate Saro Oil Palm Restricted for USD 46,710,526, supporting its imaginative and prescient to grow to be essentially the most worthwhile and sustainable edible oil group in sub-Saharan Africa.
Though shareholders accepted the decision for enterprise growth and the GOPDC acquisition on the 2024 AGM, litigation surrounding the deal delayed its completion, prompting the board to resubmit the proposal for approval on the upcoming AGM.
Addressing shareholders, the board mentioned:
“We respectfully invite shareholders to ratify the acquisition of GOPDC and to contemplate approval of the proposal to accumulate SOP.”
Ghana Oil Palm Improvement Firm Restricted (GOPDC), based on December 6, 1995, is a Ghanaian agro-industrial firm that handles all levels of the oil palm enterprise, from rising to refining and distributing its merchandise.
GOPDC, absolutely owned by Société d’Investissement pour l’Agriculture Tropicale (Siat SA), is related to Presco Plc as a result of Siat SA is a significant shareholder in Presco.
The corporate runs two major estates in Ghana’s Japanese Area, Kwae and Okumaning, spanning round 21,000 hectares of oil palm plantations.
The corporate employs round 30,000 employees at peak harvest and helps over 50,000 individuals via direct and oblique revenue.
Presco Plc, which started packaging “King’s” olein oil in 2012, is increasing within the oil palm sector via its acquisition of GOPDC and the proposed buy of Saro Oil Palm Restricted.
Saro Oil Palm Restricted (SOP), based in Nigeria in July 2019, is an agro-industrial firm that grows oil palm, produces palm and palm kernel oil, makes specialty oils and fat, and distributes refined merchandise.
SOP, absolutely owned by Siat SA (a significant Presco Plc shareholder), began a ten,000-hectare plantation in Edo State in 2020 and expanded to 22,500 hectares by buying Bansley Worldwide Ltd via the Edo State Oil Palm Programme.
By January 2025, SOP had planted 5,000 hectares, aiming for 8,000 hectares by year-end. Contemporary Fruit Bunch cultivation is about to begin in 2026, concentrating on round 28,000 tonnes, and the corporate plans so as to add two palm oil mills with capacities of 60 and 30 tonnes per hour.
Presco’s deliberate acquisition of SOP would shortly develop its plantations from about 43,547 to 59,760 hectares by including over 14,000 hectares of prime land, reaching in months what would usually take 3–5 years, and positioning the corporate for robust, long-term progress and worth creation.
