femi otedola first holdco stake

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Nigerian billionaire Femi Otedola has substantially increased his stake in First HoldCo, now owning 26%, as he aims for majority control.

Femi Otedola, a Nigerian billionaire, has significantly boosted his ownership in First HoldCo by purchasing more shares throughout the year, spending about $300 million in total. His stake has risen to 26%, with continued acquisitions valued at billions of Naira, moving him closer to attaining a majority controlling interest of 51%.