Nigeria--July 01, 2008-- Negris Holdings has emerged the preferred bidder for the Nigerian Newsprint Manufacturing Company Limited (NNMC) Oku Iboku, Akwa Ibom State, with a bid price of $32.5 million.

Grandbond which offered to pay $32 million was declared reserved bidder, at the Financial Opening conducted by the Liquidator, Otunba Adekanola Olusola, in Abuja, yesterday.

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