Femi Otedola's bewildering acquisition of controlling 6% stake in Transnational Corporation Plc (Transcorp Group) in a series of deft moves, using his stocks trading firm, Apt Securities and Funds Limited, has continued to shake the corporate world with many describing it as the most audacious move since the First Bank of Nigeria takeover saga of October 2021.
Femi Otedola, Nigerian billionaire has reportedly sold off his entire shares in Transcorp Plc to Tony Elumelu, the company’s chairman and largest shareholder.