FBN Holdings Plc (FBNH) has announced the acquisition of substantial shareholdings by Barbican Capital Limited.
In a notice available on the website of the Nigerian Exchange, First Bank of Nigeria Holdings stated thus:
This is to inform the public and our stakeholders that the Company received a notification dated July 7, 2023 from Honeywell Group Limited that its Affiliate, Barbican Capital Limited has acquired an aggregate of 4,770,269,843 units of shares from the Company’s issue share capital 35,895,292,791.
Based on the foregoing, the equity stake of Barbican Capital Limited in the Company is 13.3%.
Barbican Capital Limited was incorporated on the 9th of March 2023 with Corporate Affairs Commision. The persons listed as significant control are Oyeleye Foluke and Otudeko Obafemi Adedamola, popularly known as Oba Otudeko, the former chairman of FBN Holdings Plc.