A few days after Femi Otedola acquired 863m shares of FBN Holdings to become the single largest shareholder of the financial services giant, the billionaire businessman has consolidated his position with an additional 797m shares to increase his stake in the company to 11.64%.
This development was contained in a notice to the Nigerian Xchange Group (NGX) by Adewale Arogundade, Ag Company Secretary of the company.
He confirmed that he had acquired an additional 797,946,415 shares of the company at an average price of N21.58 with a total value of N17.2 billion.
