PRIVATE COMPANY TAKES OVER PAN, INJECTS 150MIL DOLLARS

BY ISAIAH BENJAMIN, Kaduna | NESBITT investment Nigeria limited has officially taken over the management of Peugeot Automobile Nigeria (PAN) limited as the core investor and plans to inject $150m for retooling and upgrading of the assembly line, support infrastructure and for working capital over the next three years. At a formal handing over ceremony, the chairman of PAN Nigeria Limited, Hon Ahmed Wadada Aliyu commended AMCON for the opportunity to invest in PAN as the new core investor and expressed joy to be the company tasked to awaken the…

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