Page 26 - UUBO Deal Academy 2020 - Materials
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Exit Strategies
Legal and Regulatory Considerations
• Internal approvals
– Pre-emptive rights
– MEMART Restrictions
– Conversion from public to private and vice
versa
01 Trade Sale • Regulatory approvals/notifications
– Federal Competition and Consumer
Protection Commission
– Securities & Exchange Commission
02 Offer for Sale – Nigerian Stock Exchange
– Corporate Affairs Commission
– Industry Regulators
03 Initial Public Offering • Tax Considerations
– Stamp duties
– Regulatory fees
– Capital Gains
• Sourcing forex
– Initial approvals - CCI
02
