Official: Otedola acquires major stake in FBN Holdings

FBN Holdings Plc has announced that business mogul Mr. Femi Otedola, Chairman of Calvados Global Services Limited, has purchased a substantial stake in the company.

The announcement was made by FBN Holdings in a statement published on the Nigerian Exchange Limited's portal on Saturday.

The statement, signed by the company secretary, Mr Seyi Kosoko, stated, "We refer to our communication to the market dated October 22, 2021 on the above subject in which we stated that we would inform the public of any substantial acquisition upon receipt of notification from the Shareholder."

"This morning, October 23, 2021, FBN Holdings Plc received notification from APT Securities and Funds Limited that their client, Mr. 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.

"Based on the foregoing, Mr. Otedola Olufemi Peter and his nominee now own 5.07 percent of the company."


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