Femi Otedola has acquired N5 billion worth of shares in a diversified investment company, Transnational Corporation (Transcorp) Plc.
In a circular released to the stock market authority, Nigerian Exchange Limited (NGX) on Thursday, Transcorp said Otedola bought 2.24 billion shares.
The shares cost Otedola N5 billion and earned him a 5.52 per cent stake in Transcorp. The firm said details of the acquisition were as of April 19, 2023.
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