Lagos, Jan. 6, 2021 C & I Leasing Plc on Wednesday expressed optimism that the emergence of Peace Mass Transit as the company’s majority shareholder would bring enhanced value creation for all its stakeholders.
Mr Andrew Otike-Odibi, the company’s Managing Director/Chief Executive Officer, gave the assurance at a virtual meeting on the loan stock acquisition by Peace Mass Transit Ltd.
Otike-Odibi said that the impact of the acquisition would be positive for all the company’s stakeholders.
C&I Leasing had on Tuesday notified the Nigerian Stock Exchange and the investing public of the purchase of 313,326,316 units of the Neoma Africa Fund L.L.C unsecured variable coupon redeemable convertible loan stock in registered units of N4.75 each by Peace Mass Transit Ltd.