Elumelu bounces back, takes control of Transcorp, acquires more shares

It would be recalled that Otedola, last week bought 2.24 billion shares in Transcorp, a move that handed him a 5.52 per cent stake in Transcorp.

In response, Elumelu acquired 9.69 billion shares through his investment company, HH Capital Limited, which previously held 293.98 million shares.

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