Billionaire investor and Chairman of First Holdco Plc, Femi Otedola, has acquired an additional 1.78 billion shares in the financial institution worth N222.21 billion on the Nigerian Exchange Limited (NGX).
A disclosure filed with the Exchange showed that Otedola purchased 1,779,094,976 ordinary shares at N124.90 per share, marking his largest single share acquisition in the company.
The latest transaction increased his shareholding to 11,956,589,264 shares, up from 10,177,494,288 shares, further consolidating his position as the largest shareholder in Nigeria’s oldest financial institution.
Details later…
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