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Femi Otedola, the billionaire businessman, has acquired an additional 2.22 percent shares in FBN Holdings.The fresh acquisition further cements the billionaire’s control in the company as his shareholding has now reached 11.63 percent — the highest.The latest acquisition comes just four days after the serial investor increased his stakes in the holding company to 9.
This means the businessman is now the biggest shareholder in the company, displacing Barbican Capital Limited, owned by Oba Otudeko, which has 3,110,400,619 direct shares.A month after the appointment, FBN Holdings named Barbican Capital Limited as its majority shareholder — making Otedola the second major shareholder at the time.
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