Transnational Corporation of Nigeria (Transcorp) on Thursday said it has not yet received formal notification of interest in the acquisition of its shares.
“Whilst the Company has not yet received formal notification of any relevant interest in its shares, Transcorp, Nigeria’s largest listed conglomerate, known for its broad and diversified shareholder base, welcomes every new shareholder acquiring shares in the Company,” Transcorp said in a filing dated Thursday 13 April.
Reports claimed Wednesday that businessman Femi Otedola had purchased a 5.5 per cent stake in Lagos-based Transcorp by way of an off-market deal, making the billionaire the second biggest shareholder in the firm.
