News Formal

GTCO set to float N400bn public offer, targets acquisition

  • 📰 vanguardngrnews
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 75%

Business News News

Business Business Latest News,Business Business Headlines

Guaranty Trust Holding Company, GTCO Plc, has concluded arrangement to raise N400 billion fresh capital in pursuit of the Central Bank of Nigeria, CBN, recapitalization policy.

The Group Chief Executive Officer , GTCO, Segun Agbaje, disclosed this at the fact behind its public offer presentation at the Nigerian Exchange Limited, NGX, yesterday.

“We are targeting acquisition from the recapitalisation exercise. Whatever money raised part of it could be used for acquisition. Regarding its target investors, Agbaje said, “The proposed offering was structured as an institution offering targeted at eligible investors and for retail offerings within Nigeria. For the international market, institutional investors would be targeted via private placements.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

GTCo completes 100% acquisition of Investment One PensionsGuaranty Trust Holding Company plc (GTCO) has informed the Nigerian Exchange Limited and the investing public of the completion of the
Source: GuardianNigeria - 🏆 1. / 94 Read more »