Tag: Stake

Transcorp Acquires 60% Stake In Abuja Disco
August 18, 2023 No Responses

Transcorp Acquires 60% Stake In Abuja Disco

As part of measures to further consolidates its position and investments in the Nigerian power sector, Tony Elumelu-led Nigerian conglomerate, Transcorp Group, has successfully acquired a 60-per cent stake in the Abuja Electricity Distribution Company (AEDC), thus becoming the majority...
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BP To Offload Stake In Russian Oil Firm
February 28, 2022 No Responses

BP To Offload Stake In Russian Oil Firm

BP is to offload its 19.75% stake in Russian state-owned oil firm Rosneft after Russia’s “act of aggression in Ukraine”. The oil giant had come under pressure from the UK government to make the move since Thursday’s invasion.  It h...
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FBN Holdings Confirms Otedola’s Acquisition Of 5.07% Stake
October 24, 2021 No Responses

FBN Holdings Confirms Otedola’s Acquisition Of 5.07% Stake

Barely 24 hours after denying notification of possible acquisition of shares by Mr Femi Otedola, FBN Holdings (FBNH) Plc on Saturday confirmed that the business mogul had acquired 5.07 percent equity stake in the company.  FBNH’s Company Secretary, Mr Seye....
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