• Friday, March 29, 2024
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BusinessDay

Godsmart Nigeria becomes majority shareholder in NAHCO

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The Nigerian Stock Exchange (NSE) has been notified that Godsmart Nigeria limited now holds 26.95percent of the issued and paid up share capital of the Nigerian Aviation Handling Company Plc (NAHCO).

This development follows a transfer of 97,453,125 ordinary shares of NAHCO Plc (representing a 6 percent shareholding) from Lufthansa Commercial Holding Gmbh to Godsmart Nigeria Limited.
This now makes Godsmart Nigeria a major shareholder in NAHCO Plc.

NAHCO shares are currently priced at N3.50. The stock has lost 4.1percent of its value this year. With shares outstanding of 1,624,218,750 units, NAHCO market capitalization is in excess of N5.684billion.