| The historic N60 billion initial public offering of Transnational Corporation of Nigeria Plc. opens today. The eagerly awaited IPO is packaged as a special Christmas gift from the business group to Nigerians with the resonating themes ‘100% Nigeria . 100% World Class.’ and ‘It’s Yours. Take it Back.’ TransCorp currently owns the TransCorp Hilton Hotel, Nigeria’s most successful lodging, conference and leisure location, and NITEL, the leading telecommunications company. The company is offering 8 billion ordinary shares to the public at N7.50 each. The issuing houses to the offer are Union Capital Markets Limited, UBA Global Markets, Wema Asset Management Limited, Skye Bank Plc., Intercontinental Capital Markets Limited, BGL Limited and Vetiva Capital Management. The offer closes in the February 2007. The prospectus and application forms, as well as instructions for investors resident outside Nigeria will be available on the TransCorp website as from the first week in January, 2007. |
TransCorp Initial Public Offering Opens Today