Otedola expands stake in FirstHoldCo with additional N14.8bn share purchase
Nigerian billionaire investor, Femi Otedola, has increased his stake in FirstHoldCo Plc following an additional share purchase valued at ₦14.8 billion. The move further strengthens his position as one of the most influential shareholders in the financial holding company, which oversees First Bank of Nigeria and other subsidiaries. Market filings show that the latest transaction […]
China cuts off new investments in US private equity
Recently, China decided to stop making new investments in US private equity firms. This move is part of China’s response to the trade tensions with the United States. According to the Financial Times, many large Chinese investors have stopped putting money into funds managed by US-based private equity firms. This decision comes after pressure from […]