COMPANY COMMENT
Omnia has a lot of hard work ahead as it looks for turnaround
Omnia realises it could have done better and that the chunky acquisitions of Umongo and Oro Agri are now weighing it down
02 July 2019 - 18:15
Seeing as the company is now sitting with a massive pile of debt, there are quite a few decisions that Omnia management wish they had not taken a few years ago.
These include the acquisitions of Umongo Petroleum and Oro Agri, which led to quick accumulation of debt. But, as the saying goes, hindsight is always 20-20...
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