Transcorp Power Ltd has solidified its presence within Nigeria's power sector by acquiring a significant 60% stake in Abuja Electricity Distribution Company (AEDC). This strategic maneuver aligns with Transcorp's objective of expanding its influence in the Nigerian power domain.
Christopher Ezeafulukwe, formerly the Managing Director/CEO of Transcorp Power Limited, has now assumed the role of Managing Director/CEO of AEDC following the acquisition. This transition marks a strategic move by Transcorp Group to further consolidate its interests in Nigeria's power sector.
Continue Reading: https://www.investingport.com/trans...-power-industry-with-abuja-disco-acquisition/
Christopher Ezeafulukwe, formerly the Managing Director/CEO of Transcorp Power Limited, has now assumed the role of Managing Director/CEO of AEDC following the acquisition. This transition marks a strategic move by Transcorp Group to further consolidate its interests in Nigeria's power sector.
Continue Reading: https://www.investingport.com/trans...-power-industry-with-abuja-disco-acquisition/