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Femi Otedola - Page 4

Tony Elumelu Parts With N633.14 million To Prevent Hostile Takeover In UBA

Elumelu Reveals Condition For Transcorp Plc’s Power Subsidiary To List On Nigerian Stock Market

Transnational Corporation (Transcorp) Plc Chairman, Tony Elumelu, has disclosed that the company will conduct a public initial offering for its subsidiary, Transcorp Power, within the next five years. Elumelu said while rumours have projected that Transcorp Power could list anytime soon, he

April 27, 2023

Business

Tony Elumelu Displaces Femi Otedola With N23 billion Transcorp Share Acquisition

Femi Otedola’s share acquisition at Transnational Corporation (Transcorp) has triggered a leadership tussle, as Tony Elumelu acquires more shares to prevent losing his position in the diversified investment company. Elumelu acquired 9.69 billion shares (worth about N23 billion) of Transcorp Plc a

April 27, 2023

Femi Otedola Issues New Statement After Reports Of Transcorp Plc Acquisition

Business

Femi Otedola, On Twitter, ‘Notifies’ TransCorp Board Of Majority Share Purchase

Femi Otedola has confirmed that he acquired shares in a diversified investment company, Transnational Corporation (Transcorp) Plc. In the past two weeks, reports had circulated that Otedola is buying up shares in Transcorp, a move that instantly renewed the capital market’s confidence

April 24, 2023

Femi Otedola Sells Geregu Shares After Plan To Acquire Transcorp Fails

Business

Otedola Finally Confirms Acquiring N5 billion Shares In Transcorp Plc

Transnational Corporation (Transcorp) Plc, on Thursday, 20 April, revealed that Femi Otedola acquired a majority stake in the diversified investment company. Transcorp said Otedola, who is also the majority investor in Geregu Power, acquired 2.24 billion shares, which gives him a 5.52

April 20, 2023

Business

Femi Otedola Spends N3.14 billion To Acquire Shares In Elumelu’s TransCorp

Nigerian billionaire (in Naira), Femi Otedola, has reportedly acquired 5.52 per cent ownership of diversified investment firm, Transnational Corporation (TransCorp). The acquisition cost Otedola N3.14 billion (based on the share price of Tuesday, April 11, 2023) and made him one of the

April 14, 2023

Business

Femi Otedola Sells 5% Of Geregu Power To Africa’s Supranational Bank

Africa Export and Import Bank (Afreximbank), a supranational bank, has acquired a five per cent stake in the electricity-generating firm, Geregu Power Plc, owned by Femi Otedola. According to a document released dated February 21, 2023, Africa Export and Import Bank bought

February 23, 2023

Business·Insights·Markets

How Femi Otedola’s Decision To Sell Geregu Stake Cost Shareholders N60.50 billion

Shareholders of Geregu Power, the company owned by Femi Otedola, will have little or nothing to celebrate this Christmas season, having lost most of the returns on their investment within two weeks. On October 5, Geregu was listed on the Nigerian stock

December 20, 2022

Business·Insights

5 Billionaire Investors Otedola, Ovia, Otudeko, Makanjuola, Adefisan Sell Over N88.14 billion Shares In 2022

Nigerian billionaire investors have been busy in the Nigerian stock market this year, selling off their shares for various reasons in the last ten months. Prime Business Africa tracked the market activities of five major investors in Nigerian quoted companies, and gathered

October 10, 2022

Business·Insights

Femi Otedola, Others Make N52 billion In One Day, Amid Plans To Buy Power Plant

Investors queued to have their hands on the shares of Geregu Power on Wednesday, as the electricity power plant company debuted on the Nigerian stock exchange. Interest were high for Geregu Power shares, resulting to the firm’s stock appreciating in value by

October 6, 2022

Business

Femi Otedola: Geregu List Shares On NGX, As Billionaire Eyes Acquisition Of New Power Plant

An electricity power plant company, Geregu Power Plc, has listed by way of introduction on the Nigerian Exchange Limited (NGX) to raise funds amid report of its expansion plan. Geregu Power, owned by Nigerian investor, Femi Otedola, listed 2.5 billion shares on

October 5, 2022

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Femi Otedola - Page 4

Elumelu Reveals Condition For Transcorp Plc’s Power Subsidiary To List On Nigerian Stock Market

Tony Elumelu Displaces Femi Otedola With N23 billion Transcorp Share Acquisition

Femi Otedola, On Twitter, ‘Notifies’ TransCorp Board Of Majority Share Purchase

Otedola Finally Confirms Acquiring N5 billion Shares In Transcorp Plc

Femi Otedola Spends N3.14 billion To Acquire Shares In Elumelu’s TransCorp

Femi Otedola Sells 5% Of Geregu Power To Africa’s Supranational Bank

How Femi Otedola’s Decision To Sell Geregu Stake Cost Shareholders N60.50 billion

5 Billionaire Investors Otedola, Ovia, Otudeko, Makanjuola, Adefisan Sell Over N88.14 billion Shares In 2022

Femi Otedola, Others Make N52 billion In One Day, Amid Plans To Buy Power Plant

Femi Otedola: Geregu List Shares On NGX, As Billionaire Eyes Acquisition Of New Power Plant

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Femi Otedola - Page 4

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