SIAT Group Unveils Bold Expansion Strategy, Consolidates Edible Oil Subsidiaries Under Presco Plc

In a move set to revolutionize the agro-industrial landscape, SIAT Group has announced the consolidation of its edible oil businesses in Nigeria and Ghana under Presco Plc. This strategic restructuring positions the company for market expansion, sustainability, and leadership in West Africa.

The consolidation brings together Ghana Oil Palm Development Ltd (GOPDC), Presco Plc, and Siat Nigeria Limited (SNL) under the Presco Plc umbrella, creating a formidable force in the industry. While operating independently, these subsidiaries will continue to benefit from SIAT Group’s expertise and support.

This realignment is part of SIAT Group’s strategic plan to enhance financial strength, attract investors, and maximize stakeholder value. By bridging supply gaps in the African market, the consolidated Presco Plc will fuel industry growth and capitalize on market opportunities.

Felix Nwabuko, Group CEO of SIAT NV Group, emphasized the company’s commitment to expanding the agro-allied industry in Africa. “We’re creating a holistic approach to unlock opportunities and deepen value for our stakeholders. This consolidation marks a significant milestone in our growth journey, and we’re confident Presco Plc will drive sustainable growth and lucrative partnerships in Africa’s edible oil sector.”

This move strengthens SIAT Group’s leadership in environmentally, financially, and socially responsible business practices, positioning the company for long-term success and growth in the palm oil and natural rubber sectors.