Investment company VFD Group set to raise N32.5 billion through equity, debt

will tap the capital market to raise fresh cash through a blend of equity and debt totalling N32.5 billion after shareholders greenlighted the move, the company said in a statement Tuesday.

Proceeds from the rights offering are at the heart of VFD Group’s plan to “increase shareholder value, strengthen its market position, and support its strategic growth objectives through new strategic investment opportunities,” the document stated. “Listing on a major stock exchange will give us access to a larger pool of investors, enhance our profile, and provide superior returns to our investors,” CEO Nonso Okpala said in June.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Honeywell Group Increases Investment In FBN Holdings To 14.8% StakeHoneywell Group has acquired 4.770 billion shares of FBN Holdings Plc on the floor of the Nigerian Exchange Limited.
La source: LeadershipNGA - 🏆 4. / 77 Lire la suite »

AfDB, WAMI Advocate Capital Markets Integration To Boost Cross Border InvestmentThe African Development Bank(AfDB) and West African Monetary Institute (WAMI), have called for capital markets integration to boost cross border investment in
La source: LeadershipNGA - 🏆 4. / 77 Lire la suite »

Damilola Ogunbiyi named member of inaugural World Bank Investment Lab | TheCableThe Works Bank has listed Damilola Ogunbiyi, chief executive officer (CEO) of Sustainable Energy For All, among 15 leading CEOs...
La source: thecableng - 🏆 2. / 80 Lire la suite »