Otedola buys 95.7 million First HoldCo shares, moves stake up 27.7%
7 billion share purchase The steady accumulation of shares has further strengthened Mr Otedola’s position as First HoldCo’s largest shareholder, overtaking RC Investment, the bridge holder that previously held the largest stake in the company at about 22.
The latest share purchase is the third time in August that Mr Otedola has increased his stake in the financial services group, following his acquisitions of 147.
The new share acquisition is another purchase by Mr Otedola in recent times, as the businessman has been increasing his investment in the financial institution.
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