Femi Otedola Sells Ownership in Geregu Power in $750m Deal
Businessman Femi Otedola has sold his ownership interest in Geregu Power Plc in a transaction valued at about $750 million, marking a major divestment in Nigeria’s power sector. Geregu Power Plc announced the development in a filing posted on the Nigerian Exchange (NGX) website. MA’AM Energy takes control According to the filing, MA’AM Energy Limited…