Julius Berger Nigeria Plc has announced plans to establish a wholly owned subsidiary in the Republic of Benin through its subsidiary, Julius Berger Investments Limited (JBIL).
This strategic move aims to capitalize on emerging business opportunities in the region, particularly in the planning and construction of civil and engineering works.
The new subsidiary according to a notice to the Nigerian Exchange Limited will be located at Lot 3251, Les Cocotiers, Cotonou, Benin Republic.
The initiative aligns with Julius Berger’s commitment to expanding its footprint and enhancing its capacity to respond to evolving market demands in neighboring countries.
The board of JBIL has approved the incorporation of the subsidiary and confirmed the appointments of Mr. Christophe Fierens as Resident Executive Director, Engr. Goni Musa Sheikh and Mr. Jochen Stolle as Non-Executive Directors, and Mrs. Cecilia Ekanem Madueke as Company Secretary.
This development highlights Julius Berger’s approach to leveraging growth opportunities across West Africa and its dedication to delivering top-tier engineering solutions in new markets.
The company notified shareholders, the Nigerian Exchange Limited, and the investing public in line with regulatory obligations.
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