Cadbury moves to convert $7.7m debt to equity

Cadbury’s export cocoa sales slump more than 50% in 9 months

Cadbury Nigeria, a food, sweets and drink company, has announced plans to convert its outstanding shareholder loan of $7.7 million to equity in a bid to deleverage its balance sheet, reduce foreign exchange risk and improve profitability. The conversion will involve issuing 402.082 million new or

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