shippingposition
  • Home
  • News
  • Editorial
    • Vox Pop
  • Maritime safety
  • Oil and Gas
  • Personality
  • Health
No Result
View All Result
shippingposition

Home » SIFAX Group Acquires SAHCOL

SIFAX Group Acquires SAHCOL

by Joshua
October 4, 2009
in Uncategorized

Frontline player in the Nigerian maritime sector, Sifax Group has extended its tentacles to the aviation sector following last week’s payment of 30 per cent of its bid price for Skypower Aviation Handling Company Limited (SAHCOL).
Sifax, through its subsidiary company, Skyway Aviation Handling Company Limited paid the statutory N1, 656,630,000 to the Bureau of Public Enterprises (BPE) at about 6.40pm last Wednesday, September 30, 2009. The total bid price is N5, 552,100,000.00.
The BPE had reportedly directed that Sifax should pay the 30 per cent of the bid price within 15 days of the bid’s acceptance. By fulfilling that obligation, Sifax Group last week beat other companies that were equally interested in buying the strategic government – owned ground handling company, SAHCOL.
The BPE had about 24 hours before Sifax Group paid announced that the National Council on Privatisation (NCP) had approved that SAHCOL could be offered to four remaining bidders on the basis of ‘willing-buyer, willing-seller,’ following the failure of both the preferred bidder, Eraskorp Consortium and the reserve bidder, Pan Express Services, to make payment at the deadline as stipulated in the terms of sale made to them.

Shipping Position Weekly recalls that the four remaining bidders were: Skyway Aviation Handling Company, TAK Continental Limited, Moore Associates Limited and Aviation Handling Partners Limited.
They were all invited by the BPE to re-validate their earlier bids or make a fresh bid based on the new reserve price of N5. 522Billion.
An obviously elated head of corporate affairs and marketing for Sifax group, Mr Oliver Omajuwa confirmed the development to pour correspondent. According to him, Sifax is poised to make a definite statement with the acquisition of SAHCOL, saying that “having succeeded as an indigenous terminal operator in the maritime sector, nothing short of excellence is expected from us; I assure you that we will succeed”.  

 


Related Posts

Auto Draft

Railways Transport 693,224 Passengers On Lagos/Ibadan Standard Gauge

February 2, 2023
SHIPTALK: Basics About A Ship

SHIPTALK: Basics About A Ship

January 27, 2023
NAGAFF Congratulates Newly Promoted Comptrollers, Charges Them On Professionalism

NAGAFF Congratulates Newly Promoted Comptrollers, Charges Them On Professionalism

January 27, 2023
ONE To Acquire Three U.S. West Coast Container Terminals

ONE To Acquire Three U.S. West Coast Container Terminals

December 29, 2022

Discussion about this post

Latest News

NIMASA Deep Blue Team Rescues 7 Distressed Seafarers On Board Vessel In Lagos

NIMASA Deep Blue Team Rescues 7 Distressed Seafarers On Board Vessel In Lagos

February 4, 2023

2023 Multinational Maritime Exercise Successful, Says CNS

NIMASA DG Seeks Private Sector Participation In Blue Economy

Apongbon Bridge To Reopen May—FG Assures

Customs Seize $6m Fake US Dollars, Arrest 4 Along Seme Border

Customs Officials Targets Of Terrorists And Armed Groups—WCO Sec Gen

Nigerdock Goes Solar, Shifts to Renewable Energy

Sambo Declares Funtua Inland Dry Port As Port Of Origin, Final Destination 

FG Plans Vehicles’ Transit Park, Dry Inland Port For Zamfara — Matawalle

USCG Cutter Makes First Drug Seizure of 2023 in Gulf of Oman

VESSELS EXPECTED AT LAGOS PORTS AS AT 3RD FEBRUARY, 2023

VESSELS EXPECTED AT LAGOS PORTS AS AT 2ND FEBRUARY, 2023

kindly like our Facebook page

Health

Unhealthy Environment Causes 12.6m Deaths Worldwide, WHO Says
Health

Unhealthy Environment Causes 12.6m Deaths Worldwide, WHO Says

December 19, 2022

The World Health Organisation has said that the number of people estimated to have died as a result of living...

Health Benefits And Side Effects Of Bitter Leaf

Health Benefits And Side Effects Of Bitter Leaf

December 12, 2022
More Women May Die During Childbirth In West Africa — Report

More Women May Die During Childbirth In West Africa — Report

December 12, 2022
The Many Wonderful Uses Of Onions

The Many Wonderful Uses Of Onions

December 5, 2022
Nigeria Yet To Achieve 70% COVID-19 Immunisation Coverage, Says NPHCDA

Nigeria Yet To Achieve 70% COVID-19 Immunisation Coverage, Says NPHCDA

December 5, 2022
COVID-19 Cases Increasing, Continue With Preventive Measures — UITH-ARD Warns

COVID-19 Cases Increasing, Continue With Preventive Measures — UITH-ARD Warns

December 5, 2022
Panic As Monkeypox Spreads To 32 States, Cases Now 604

Panic As Monkeypox Spreads To 32 States, Cases Now 604

November 28, 2022
Over 1bn Youths Risk Hearing Loss From Headphones, Loud Music — Study

Over 1bn Youths Risk Hearing Loss From Headphones, Loud Music — Study

November 28, 2022
Consuming Undercooked Meat May Lead To Tuberculosis — Epidemiologist

Consuming Undercooked Meat May Lead To Tuberculosis — Epidemiologist

November 28, 2022
Infertility Red Flags Men, Women Should Not Ignore – Experts

Infertility Red Flags Men, Women Should Not Ignore – Experts

November 28, 2022

© 2021 Shippingposition

Navigate Site

  • Home
  • About Us
  • Contact us
  • Privacy Policy
  • Sitemap
  • Terms

Follow Us

No Result
View All Result
  • News
  • Coast To Coast
  • Oil and Gas
  • Maritime Education
  • The Terminals
  • Maritime safety

© 2021 Shippingposition