Honeywell Group Increases Investment In FBN Holdings To 14.8% Stake

Through negotiated deals and market transactions by its SPV, Barbican Capital Limited, the investment company is said to have acquired 4.770 billion additional shares, leading to a staggering 14.8 per cent stake in FBN Holdings.

Stock market dealers confirmed that over 4 billion ordinary shares ranging between N17 and N20 were purchased over the course of two days, July 6 and July 7, 2023. According to a press release by Honeywell Group, acquisition of 4.770 billion shares of FBN by its affiliate company, Barbican Capital Limited. This purchase is in addition to previously disclosed interests by HGL’s affiliates.

Also, FBNH’s company secretary, Adewal Arogundade notified the NGX of the developments, saying that “based on the foregoing, the equity stake of Barbican Capital Limited in the Company is 13.3 per cent, bringing the total stake to 14.8 per cent.” Honeywell Group is an investment holding company with a deep history of building, scaling, and investing in some of Nigeria’s most successful businesses.

Colombia Últimas Noticias, Colombia Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Ecobank asks FBN Holdings to reject Otudeko's share acquisition over 'N13bn debt' | TheCableEcobank Nigeria Limited has asked First Bank Nigeria (FBN) Holdings to reject the shares acquisition by Oba Otudeko, its former chairman, over an alleged N13.5 billion debt. The development is
Fuente: thecableng - 🏆 2. / 80 Leer más »

Ecobank asks FBN to reject Otudeko’s share acquisitionEcobank has urged First Bank Holdings to reject the acquisition of 4.7 billion shares by a former Chairman of the bank, Dr Oba Otudeko.
Fuente: MobilePunch - 🏆 8. / 63 Leer más »