Presco Plc (Nigeria)

Presco is a public limited liability company incorporated on September 24, 1991 under Nigerian law. Its corporate head office is at the company's Estate at Obaretin, Benin City. Presco holds the Obaretin Estate (a concession of 7,000 hectares) and the Ologbo Estate (a concession of 6,000 hectares), both located in Edo State, and the Cowan Estate, a concession of 3,000 hectares in Delta State. Presco is a subsidiary of Siat s.a. a Belgian agro-industrial company specialized in industrial as well as smallholder plantations of tree crops, mainly oil palm and rubber, and allied processing industries such as palm oil mills, palm oil refining / fractionation, soap works and crumb rubber factories. Siat diversified its activities into cattle ranching. Siat has as its shareholders agronomists and economists with experience in the development of agro-industrial ventures in the tropics. Presco today consist of; oil palm plantation, a palm oil mill, a refinery and palm kernel crushing plant. The Company was listed on the exchange since 10th of October 2002.