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A majority shareholder in AIICO Insurance Plc, DF Holdings Limited, has acquired additional shares of the underwriting firm.
The transaction occurred on Thursday, December 31, 2020, a notice from the company and pasted on the Nigerian Stock Exchange (NSE) revealed.
It was disclosed that DF Holdings bought a total of 474,603,596 units of the company’s stocks at N1.17 each, amounting to N555.3 million.
DF Holdings is owned by Mr Dele Fajemirokun, a Nigerian businessman, entrepreneur, investor, venture capitalist and philanthropist.
The graduate of Business Economics from the prestigious University of Ife (now Obafemi Awolowo University) in Ile-Ife, has more than four decades of extensive business building and wealth creation experience, both within and outside Nigeria; having built a business empire that is unique in comparison to conventional businesses.