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The news was received with great excitement by investors and the market, noting Transcorp Group’s track record in value creation, business transformation, and sound corporate governance practices.
...capitalization exceeding N540 billion, the Group continues to demonstrate the Africapitalism philosophy of its Group Chair – Tony Elumelu.
A consortium led by Transcorp Power Limited has acquired a 60 percent stake in Abuja Electricity Distribution Company (AEDC). It also appointed Christopher Ezeafulukwe, as the Managing Director/CEO of AEDC. In a statement yesterday, Transcorp Power stated that the appointment is a strategic move to further consolidate its position within the Nigerian power sector “This…
Transcorp Group, whose biggest shareholder is businessman Tony Elumelu, is one of Nigeria's leading conglomerates with investments in the hospitality, power, and oil and gas sectors.
The acquisition is seen as part of a strategic move by the Transcorp Group to consolidate its position in the power sector