Billionaire businessman, Femi Otedola, has again splashed N183m on additional shares in FBN Holdings to further increase his stake in the company.
The fresh acquisition was disclosed in a corporate filing on the Nigerian Exchange Group (NGX) on Wednesday by Adewale Arogundade, Ag Company Secretary of the company.
According to the NGX filing, Otedola bought the shares in two tranches first buying 1,228,141 shares for N24.9 million at N20.30k, while the second tranche was 7,965,198 units of shares at N19.90 per share, totaling N158,507,440.20.
