About
Femi Otedola Boosts Stake in First HoldCo with N14.8 Billion Share Acquisition
December 19, 2025
Billionaire businessman Femi Otedola has strengthened his position in First HoldCo Plc by acquiring an additional 369.99 million shares worth N14.8 billion, raising his ownership stake to over 18%. The shares were purchased through Calvados Global Services Limited, a company linked to Otedola, at N40.06 per share on December 18.
This latest acquisition follows earlier purchases in September 2025, which had already increased his stake from 13.15% in 2024 to 16.1%. Otedola’s growing investment consolidates his status as a major shareholder in the financial holding company.
The move comes amid strategic restructuring at First HoldCo, which recently divested FBNQuest Merchant Bank to focus on its core commercial banking operations. Analysts say the transaction demonstrates Otedola’s long-term confidence in the company and may enhance shareholder value.
Meanwhile, Otedola’s personal wealth has risen to $1.6 billion, reflecting a $100 million increase within a month, according to Forbes.
December 19, 2025
Billionaire businessman Femi Otedola has strengthened his position in First HoldCo Plc by acquiring an additional 369.99 million shares worth N14.8 billion, raising his ownership stake to over 18%. The shares were purchased through Calvados Global Services Limited, a company linked to Otedola, at N40.06 per share on December 18.
This latest acquisition follows earlier purchases in September 2025, which had already increased his stake from 13.15% in 2024 to 16.1%. Otedola’s growing investment consolidates his status as a major shareholder in the financial holding company.
The move comes amid strategic restructuring at First HoldCo, which recently divested FBNQuest Merchant Bank to focus on its core commercial banking operations. Analysts say the transaction demonstrates Otedola’s long-term confidence in the company and may enhance shareholder value.
Meanwhile, Otedola’s personal wealth has risen to $1.6 billion, reflecting a $100 million increase within a month, according to Forbes.
Femi Otedola Boosts Stake in First HoldCo with N14.8 Billion Share Acquisition
December 19, 2025
Billionaire businessman Femi Otedola has strengthened his position in First HoldCo Plc by acquiring an additional 369.99 million shares worth N14.8 billion, raising his ownership stake to over 18%. The shares were purchased through Calvados Global Services Limited, a company linked to Otedola, at N40.06 per share on December 18.
This latest acquisition follows earlier purchases in September 2025, which had already increased his stake from 13.15% in 2024 to 16.1%. Otedola’s growing investment consolidates his status as a major shareholder in the financial holding company.
The move comes amid strategic restructuring at First HoldCo, which recently divested FBNQuest Merchant Bank to focus on its core commercial banking operations. Analysts say the transaction demonstrates Otedola’s long-term confidence in the company and may enhance shareholder value.
Meanwhile, Otedola’s personal wealth has risen to $1.6 billion, reflecting a $100 million increase within a month, according to Forbes.
0 Yorumlar
·0 hisse senetleri
·333 Views
