Femi Otedola's Amperion Sells N4.4 Billion Shares of Geregu Power PLC in Cross-Deal
Amperion Power Distribution Company Limited, owned by billionaire businessman Femi Otedola, has sold 4.29 million shares of Geregu Power PLC in a cross-deal worth N4.4 billion. Geregu Power PLC, Nigeria's first-listed power generation company, reported a significant increase in revenue and profit.
The transaction was completed at a price of N1,027.4 per share on November 11. Iheanyi Nwachukwu, a seasoned journalist with experience in banking and finance, reported the deal.
Plus234Feed summary based on reporting from Business Day. Read the original report below.
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