The majority shareholder of Geregu Power, Femi Otedola, has sold part of his shares in the power firm, weeks after exiting Transnational Corporation (Transcorp) Plc.
Otedola sold a total of 2.82 million shares from the 2.38 billion stock he held directly and through his investment firm, Amperion Power Distribution Limited (indirectly), in Geregu Power.
Ripples Nigeria understands that the sale of 2.82 million shares meant Otedola took N820.67 million out of his N694.45 billion investment in Geregu.
