Tony Elumelu, Chairman of Heir Holdings, has disclosed that the group will list more of the firms in its portfolio on the Nigerian Exchange.
At the 14th anniversary of Heirs Holdings held in Lagos on Wednesday, Elumelu stated thus:
“All our businesses in African countries are privately owned. We would like to democratise prosperity by listing them in those markets. Where we have listed, people have benefited significantly from the listing. So, we will initiate public offering in those markets, but at the right time to do so.”
“Through the group’s relentless dedication and resilience, it has demonstrated that an African institution can consistently generate long-term value while leaving a legacy of success across Africa’s most vital sectors.”
“Our journey has been defined by unwavering tenacity, enabling us to seize opportunities and uphold our vision and principles. Most importantly, our efforts have fostered significant social impact, improving the lives of millions and driving inclusion within communities. For us in our Group, it is about three visions, execution, enterprise and excellence”
Subsidiaries of Heirs Holdings’ companies presently listed on the Nigerian Exchange include: United Bank for Africa, Transcorp Plc, Transcorp Hotels, United Capital and Africa Prudential Plc.