Nigerian billionaire Femi Otedola has spent about $300 million buying bank shares this year raising his First HoldCo stake to 26% as he targets a 51% majority takeover
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Nigerian billionaire Femi Otedola has spent roughly $300 million buying shares in First HoldCo this year, accelerating a campaign that has taken his ownership of the parent company of one of West Africa’s oldest banks from 5.65% before he became chairman to more than 26%.
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