Ellah Lakes Plc, Nigeria’s pioneer integrated agro-industrial company, in line with its strategy to deepen its operational footprint, scale efficiencies, and drive national food security impact, has announced that it has entered into an agreement for the acquisition of shareholding of Agro-Allied Resources & Processing Nigeria Limited from ARPN PTE Ltd, Singapore.

ARPN PTE is equally owned by Tolaram Africa PTE Ltd and Valuestar Holdings PTE .

The Acquisition follows shareholders’ approval at its Extraordinary General Meeting held on 25th July 2025 and represents a major milestone towards expanding the Company’s operational footprint and processing capacity.

The Transaction will involve the acquisition of 100% shareholding of ARPN. The acquired assets comprise 11,783 hectares of cultivated land (planting over 6,280 hectares of oil palm plantations and associated infrastructure), 2,093 hectares of cassava plantations land and an additional 10,393 hectares of uncultivated land.

The plantation’s age profile is well-positioned for sustained productivity, with 60% of the oil palms over four years old (entering peak productivity), 30% between two and four years, and the remaining 10% under two years. This distribution underpins both current yield and future growth.

Following the completion of the Acquisition, Ellah Lakes will consolidate ARPN’s assets into its operations delivering immediate scale and financial benefits, while unlocking significant long-term potential for crop diversification and vertical integration.

The Acquisition aligns perfectly with Ellah Lakes’ vertically integrated business model, which spans primary cultivation, mid-stream processing and downstream market access.

The Transaction is subject to the receipt of the customary regulatory approvals, including approval from the Federal Competition and Consumer Protection Commission (FCCPC). Closing is targeted for December 2025, subject to satisfaction of all conditions precedent.