C&I Leasing Plc Two weeks ago, the management of C&I Leasing Plc announced that it had finalised the complete acquisition of stakes in C&I Petrotech Marine Limited, thereby making the company its wholly-owned subsidiary.
Prior to the 27.5% minority stake buyout, C&I Petrotech Marine Limited was a joint venture partnership.
The complete acquisition of C&I Petrotech Marine Limited is just one out of the two major steps that C&I Leasing Plc has taken in recent times towards the restructuring and repositioning of its operations for enhanced profitability. More about this will be discussed shortly.
In the meantime, note that C&I Leasing Plc is one of those little-known companies which Nairametrics has been profiling once every week. Get to know more about it – its year of incorporation, services, financial performance, and debt crisis. Corporate information about C&I Leasing Plc
Incorporated in 1990, C&I Leasing Plc is a Nigerian company which, through its subsidiaries, specialises in the provision of services such as fleet management, automobile distribution, marine vessel rental, equipment leasing, security and escort services, and fire-fighting services.
The company also offers pollution control services, mooring support, and recruitment/HR consultancy services, to mention a few. It is headquartered in Lagos Nigeria, but has operations in Ghana (Leasafric) and the United Arab Emirates (EPIC International FZE).
Like most companies, C&I Leasing Plc initially started out as a limited liability company, with a license from the Central Bank of Nigeria to offer finance leases and operating leases.
By 1997, the company restructured and diversified its operations, while also converting from a limited liability company to a public company. That same year, it had its stocks listed on the Nigerian Stock Exchange, thereby becoming the first leasing, logistics and rental company to do so in Nigeria.
Some of the company’s main services are: C&I Marine
Fleet Management Solutions
Hertz Rent-A-Car C&I Outsourcing CITRANS Telematics Solutions A look at the target markets for C&I Leasing Plc As one of the leading logistics, leasing and support services firms in Nigeria, C&I Leasing Plc has target markets in the maritime, oil and gas, transportation, manpower outsourcing, telecommunications and equipment rental sectors. One of its biggest customers is probably Shell Petroleum Development Corporation (SPDC).C&I is currently engaged in a long-term contract with the international oil company, which has seen six of C&I’s vessels deployed to the deep sea for oil exploration activities.Meanwhile, as part of its outsourcing support services, C&I Leasing offers […]