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Femi Otedola buys 5.07% stake in FBN Holdings

Otedola sells stake in Transcorp 15 days after acquiring shares

Today, October 23, 2021, FBN Holdings Plc said it received a notification from APT Securities and Funds Limited, that their Client, Otedola Olufemi Peter and his nominee, Calvados Global Services Limited have acquired a total of 1,818,551,625 units of shares from the Company’s issued share capital of 35,895,292,791.

Read also: Meet Nigeria’s 3 unicorns in 2021

Based on the foregoing, the equity stake of Otedola Olufemi Peter and his nominee in the Company is now 5.07 percent.

Iheanyi Nwachukwu, is a creative content writer with over 18 years journalism experience writing on banking, finance and capital markets. The multiple awards winning journalist is Assistant Editor, BusinessDay. Iheanyi holds BSc Degree in Economics from Imo State University; Master of Science (MSc) Degree in Management from University of Lagos. Iheanyi has attended several work-related trainings including (i) Advanced Writing and Reporting Skills (Pan African University, Lagos); (ii) News Agency Journalism (Indian Institute of Mass Communication {IIMC}, New Delhi, India); and (iii) Capital Markets Development and Regulations (International Law Institute {ILI} of Georgetown University, Washington DC, USA).

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