Tony Elumelu, the chair of Transnational Corporation Plc (Transcorp), has acquired fresh 9.7 billion shares in separate deals in recent days, company documents revealed on Thursday.
The businessman turned the tables on the conglomerate’s two previous biggest owners to take the prime spot.
Transcorp’s shares numbering 2.4 billion units exchanged hands in the open market in the period, implying most, if not all of Mr Elumelu’s new shares were acquired off the market.
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