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.
April 27, 2023. Azonuchechi Chukwu. Transnational Corporation Plc (Transcorp Group) is a publicly quoted Conglomerate, with a diversified shareholder base of approximately 300,000. Its portfolio comprises strategic investments in the power, hospitality, and oil and gas sectors. Its businesses include Transcorp Hilton Abuja, Transcorp Hotels Calabar, Aura by Transcorp Hotels, Transcorp Power, Transafam Power, and |
Transcorp Group records earnings growth in Q1 2023 – The Sun Nigeria sunnewsonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sunnewsonline.com Daily Mail and Mail on Sunday newspapers.
Transnational Corporation Plc (Transcorp), Nigeria’s largest listed conglomerate held its 17th Annual General Meeting (AGM) and declared a dividend of 5k per share, a 150% increase over the previous year’s dividend.
Transcorp, which has nearly 300,000 shareholders, made history as it held its AGM virtually, making it the first public company in Nigeria to do so, following the signing into law of the Business Facilitation Act (BFA), by the President of Nigeria.