Investments, M&A & Funding

The commission approved the vertical merger subject to conditions aimed at preserving competition in the flour market, protecting rival bakeries and limiting merger-related job losses.

Construction is expected to begin in the coming weeks, with the facility targeted for completion in fall 2028.

The initiative focuses on rehabilitating traditional oil palm plantations, establishing modern refining capacity, and enhancing local value addition to meet surging national and regional demand for edible oils.

For the fertilizer and agricultural sector, the acquisition could create opportunities to combine Omnia’s established crop-nutrition portfolio and African market presence with Solar Industries’ international expansion strategy.

The project is expected to help Senegal reduce dependence on imported refined oils, improve oil extraction rates through shorter post harvest intervals, and create a more competitive value chain for smallholder growers.