Nigerian billionaire Tony Elumelu makes big move, buys more UBA shares

Tony Elumelu's Heirs Holdings Acquires N1.54bn Valued UBA Shares » News.ng

Tony Elumelu’s investment firm, Heirs Holdings Limited, has expanded its position in United Bank for Africa Plc (UBA) through the strategic acquisition of 45,034,044 ordinary shares worth approximately ₦1.54 billion. According to a regulatory filing submitted to the Nigerian Exchange and signed by UBA’s Company Secretary and Legal Counsel, Bili A. Odum, the share purchase was executed over two trading days. The investment company secured these s…

Elumelu Increases UBA Stake To 5.43% With N1.54bn Share Purchase

Heirs Holdings Limited, the pan-African investment company chaired by billionaire entrepreneur Tony Elumelu, has increased its equity stake in United Bank for Africa Plc (UBA) following the acquisition of over 45 million shares valued at approximately ₦1.54bn. The transaction was disclosed in a notice filed with the Nigerian Exchange Group (NGX) and seen by THE WHISTLER. According to the filing, Heirs Holdings acquired 45,034,044 ordinary shares…

BREAKING: Heirs Holdings buys 45 million units of UBA shares worth N1.54 billion

Heirs Holdings Limited, the investment company chaired by billionaire Tony Elumelu, has increased its stake in United Bank for Africa Plc (UBA) with the purchase of 45,034,044 shares valued at approximately N1.54 billion.  The post BREAKING: Heirs Holdings buys 45 million units of UBA shares worth N1.54 billion appeared first on Nairametrics.

Nigerian billionaire Tony Elumelu makes big move, buys more UBA shares

Tony Elumelu has purchased over 45 million UBA shares as the bank prepares to raise its capital base to N500 billion in line with CBN’s directive.

Tony Elumelu raises stake in UBA with N1.5bn share acquisition

Tony Elumelu, chairman of United Bank for Africa (UBA), has acquired over 45 million shares in the financial institution.   Bili Odum, group company secretary, announced the transaction in a regulatory filing on the Nigerian Exchange Group (NGX) on Tuesday.   Odum said 45,034,044 shares were acquired on May 23 at N34.3 each – bringing the total transaction value to approximately N1.53 billion.   In 2023, Elumelu raised his shares in UBA by 161.9…