Julius berger expands footprint to benin republic with new subsidiary

Julius Berger Nigeria Plc has unveiled plans to establish a subsidiary in the Benin Republic.

The announcement, disclosed by the company secretary, Cecilia Madueke, in a filing to the Nigerian Exchange Limited on Monday, highlights Julius Berger’s ambition to deepen its presence in the region’s construction and civil engineering sectors.

The new subsidiary, to be incorporated and registered under Benin Republic’s laws, will operate as a fully owned entity of Julius Berger Investments Limited. According to the statement, the subsidiary will focus on the planning and execution of diverse civil and engineering projects in the country, marking a significant step in the company’s regional expansion.

“Julius Berger Nigeria Plc wishes to notify its shareholders, the Nigerian Exchange, and the investing public that its wholly owned subsidiary, Julius Berger Investments Limited, has resolved to establish, incorporate, and register a wholly owned subsidiary company, limited by shares, under the provisions of the laws of Benin Republic to carry on the business of planning and construction of all kinds of civil and engineering works in the Republic,” the notice stated.

Key leadership appointments for the subsidiary have also been announced, underscoring Julius Berger’s commitment to operational excellence. Christophe Fierens will serve as the Resident Executive Director, while Goni Sheikh and Jochen Stolle have been appointed Non-Executive Directors. Cecilia Madueke will continue her role as Company Secretary.

Renowned for its comprehensive services in building, infrastructure, and industrial projects, Julius Berger’s expansion into the Benin Republic signals its readiness to harness opportunities in the country’s growing construction market.

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