BREAKING: Barbican Capital Limited Acquires 13.3% of FBN Holdings

FBNH

Barbican Capital Limited has acquired 13.3% of FBN Holdings.

Newsonline Nigeria reports that Barbican Capital has acquired 4,770,269,843 units of FBN Holdings, giving it a 13.3% stake in one of Nigeria’s oldest banks.

The notification was sent to the NGX by FBNH. See excerpt

• “NOTIFICATION OF ACQUISITION OF SUBSTANTIAL SHAREHOLDINGS IN FBN HOLDINGS PLC
• This is to inform the public and our stakeholders that the Company received a notification dated July 7, 2023 from Honeywell Group Limited that Its affiliate, Barbican Capital Limited has acquired an aggregate of 4,770,269,843 units of shares from the Company’s issued share capital of 35,895,292,791, as at the above referenced date.
• Based on the foregoing, the equity stake of Barbican Capital Limited In the Company is 13.3%.”

More to follow….