The President\/Chief Executive of Dangote Industries Limited, Aliko Dangote, has said that his friend and billionaire businessman, Femi Otedola, is welcome to attempt a corporate takeover of Dangote Cement.<\/p>\n
Dangote said this on Friday at the Dangote Cement customers appreciation event in Lagos.<\/p>\n
While introducing some dignitaries at the event, he mentioned Otedola, saying, \u201cWe must also welcome our newest shareholder, Femi Otedola.<\/p>\n
\u201cThere are people who fear that he is going to do the same thing he did at Transcorp; I say he\u2019s welcome.\u201d<\/p>\n
On Monday, Otedola, in a statement confirmed his \u201csignificant acquisition of shares in Dangote Cement,\u201d saying that the \u201cstrategic investment underscores his confidence in Dangote Cement\u2019s potential to generate foreign exchange for the country and his dedication to supporting businesses that contribute to Nigeria\u2019s economic resilience.<\/p>\n
\u201cDangote Cement\u2019s unique position with two export terminals offers a substantial opportunity to earn foreign exchange, crucial for Nigeria\u2019s economy. This, along with the company\u2019s pan-African presence, makes it an ideal investment choice,\u201d said Otedola.<\/p>\n
In April 2023, Otedola acquired a 5.52 per cent stake in Transcorp Plc, making him the second largest shareholder of the company. He was next to United Bank for Africa nominees, which owned about 9.25 per cent of the company as of December 2022.<\/p>\n","protected":false},"excerpt":{"rendered":"
The President\/Chief Executive of Dangote Industries Limited, Aliko Dangote, has said that his friend and billionaire businessman, Femi Otedola, is welcome to attempt a corporate takeover of Dangote Cement. Dangote said this on Friday at the Dangote Cement customers appreciation event in Lagos. While introducing some dignitaries at the event, he mentioned Otedola, saying, \u201cWe […]<\/p>\n","protected":false},"author":14,"featured_media":16884,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[],"class_list":["post-16883","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"aioseo_notices":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/16883","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/comments?post=16883"}],"version-history":[{"count":1,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/16883\/revisions"}],"predecessor-version":[{"id":16885,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/16883\/revisions\/16885"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media\/16884"}],"wp:attachment":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media?parent=16883"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/categories?post=16883"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/tags?post=16883"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}