Tag: Transcorp

Elumelu’s Transcorp Consolidates its Power Play, Acquire 60% Majority stake in AEDC

Elumelu’s Transcorp Consolidates its Power Play, Acquire 60% Majority stake in AEDC   In a strategic move to consolidates Transcorp’s position in the Nigerian power sector, Christopher Ezeafulukwe, Managing Director/CEO of Transcorp Power Limited, has been entrusted by the Board of the Abuja Electricity Distribution Company (AEDC) to lead the[Read More…]

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Tony Elumelu acquires 9.7 billion shares to become largest shareholder of Transcorp

Transnational Corporation Plc (Transcorp) has revealed that Tony Elumelu, the chairman of the company, has acquired fresh 9.7 billion shares in separate deals in recent days. The acquisition made him the biggest shareholder of the company, taking the prime spot from two previous owners. The conglomerate’s shares numbering 2.4 billion[Read More…]

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