Who is the new majority owner of eTranzact?
According to Condia, Trademarks Global Concepts has acquired a 56.18% stake in eTranzact as Access Bank and other shareholders exit. Trademarks Global Concepts Limited now controls more than half of eTranzact International Plc, one of Nigeria’s earliest electronic payments companies, which started operations in 2003. A transfer of 5.17 billion shares, representing 56.18% of eTranzact, brought the new controlling shareholder into the listed payments company and led to a complete change in its board representation.
What happened
Trademarks Global Concepts has acquired a 56.18% stake in eTranzact as Access Bank and other shareholders exit. Trademarks Global Concepts Limited now controls more than half of eTranzact International Plc, one of Nigeria’s earliest electronic payments companies, which started operations in 2003. A transfer of 5.17 billion shares, representing 56.18% of eTranzact, brought the new controlling shareholder into the listed payments company and led to a complete change in its board representation.
Why it matters
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What to watch
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