FMDQ has acquired about 2 billion shares of CSCS,CN can confirm.
CityNews Nigeria reports that trades were consummated at a share price of N18 per share and traded on the NASD.
The deal has been two years in making since it was first announced two years ago. Nairametrics has reported that the FMDQ Group will buyout shares owned by Leadway Insurance and from Artemis Ltd a vehicle owned by Verod Capital.
The two entities own 16.6% and 5% respectively delivering a combined 21.6% ownership of CSCS. However, the deal hit the rocks as shareholders of CSCS had disagreements over the sale.
Sources indicate the matter has now been resolved thus allowing the sale to go through.
This is a developing story…..
A judge of a federal capital territory (FCT) high court, Jude Onwuegbuzie, has warned the…
ABUJA: Senior Special Assistant on Public Communications and New Media to Federal Capital Territory FCT Minister,…
Singer, Crown Uzama, popularly known as Shallipopi, has declared ace rapper, Olamide as the king…
The Economic and Financial Crimes Commission, EFCC, on Thursday, brought a Chinese, Zhengjia Jin, before…
Popular Nollywood movie marketer, Kazim Adeoti, has spoken about criticism surrounding his marriage to actress Mercy…
Rapper Meek Mill has distanced himself from embattled colleague, Sean Diddy. A fan had bumped…
