Transgrid Enerco Limited has officially signed a Share Purchase Agreement to acquire a controlling 60% equity stake in the Eko Electricity Distribution Company (Eko DisCo).
The transaction, hailed as the first market-driven acquisition within Nigeria’s power sector, is set to conclude by April 2025.
Also Read: Two Bandit Leaders Surrender in Katsina, Release 15 Kidnapped Victims
Transgrid Enerco is a consortium comprising North South Power Company Limited, Axxela Limited, and the Stanbic IBTC Infrastructure Growth Fund, underscoring the strategic significance of the deal.
Eko DisCo currently supplies electricity to southern Lagos State and the Agbara community in Ogun State, regions pivotal to Nigeria’s industrial and commercial development.
Leave feedback about this
You must be logged in to post a comment.