Missing Foreign Investor Stalls Nigeria Firm’s Revival Plan

A little known publicly traded company in Nigeria said its revival plan has stalled because it can’t trace its biggest shareholder.

Union Dicon Salt Plc has searched for Aims Ltd., which owns 40% of the company, for about 22 years. The maker of edible salts renewed its efforts to find the missing shareholder by issuing a regulatory filing this week asking the investor to get in touch.