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FEMI Otedola has further increased his ownership of First HoldCo Plc after acquiring an additional 138.04 million ordinary shares valued at approximately N18.11 billion. The latest transaction reinforces the billionaire businessman’s growing influence in the financial services group and comes only days after he indicated that he could increase his stake beyond the roughly 26 […]
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CHAIRMAN of First HoldCo Plc, Mr Femi Otedola, has indicated that he could increase his ownership in the financial group beyond a controlling stake, saying his long-term ambition is to hold more than 51 percent of the company. Speaking in an exclusive interview with Nairametrics published on Monday, Otedola said his commitment to First HoldCo […]
CHAIRMAN of First HoldCo Plc, Mr Femi Otedola, has increased his stake in the financial services group to 20.42 percent after acquiring 680.8 million shares through the company’s recently concluded private placement. The shares were purchased at N44 each, translating to an investment of about N29.6 billion. The offer price was below First HoldCo’s closing […]
First Bank or FirstHoldco Chairman, Mr Femi Otedola, on Thursday, acquired additional 369,986,122 shares of the company at N40.06 per share, raising his stake in the institution to 17.56 percent. The total value of the deal stands at N14.82 billion. Mr Otedola bought the shares through his firm, Calvados Global Services Limited, consolidating his position […]
ON Wednesday, billlionaire Femi Otedola secured a humongous off-market transaction of 10.43 billion units of the First Bank or FirstHoldco’s shares estimated at N323.4 billion. This was the highest off-market transaction in the history of the Nigerian stock market. The transaction raised Mr Otedola’s stake in First Bank or First Holdco to 36.7 percent, having […]
Former First Bank Chairmen, Mr Oba Otudeko and Mr Tunde Hassan- Odukale, sold 10.433 billion shares of First Holdco to RC Investments Management Limited. In other words, RC Investments bought the shares of the entity as earlier reported by Economy Post. First Bank is a subsidiary of First Holdco. Mr Otedola had, on Wednesday, secured […]