Socfinaf S.A, a foreign investor, which has a substantial stake in Okomu Oil Palm Plc, has further increased its stake in the Nigerian company.
Socfinaf S.A recently increased its holding in the firm by acquiring over 2 million units of the company’s stocks at the Nigerian Stock Exchange (NSE).
Prior to this, Socfinaf controls 62.69 per cent of Okomu Oil.
The main activity of Socfinaf involves managing a portfolio focused primarily on the operation of almost 139, 600 hectares of tropical oil palm and rubber plantations located in Africa.
A notice from Okomu Oil said the purchase of the additional shares was done in six tranches at the Lagos exchange located on Customs Street, Victoria Island.
Breakdown of the transaction
- 46,972 – N79.00 per unit
- 110,904 units – N78.76 per unit
- 114,301 – N78.69 per unit
- 77,750 – N78.98 per unit
- 250 – N78 per unit
- 103,999 – N79.66 per unit