Olaleye Adeyinka, managing director and chief executive officer of Eaton Acquisitions Limited
Eaton Acquisitions Limited, an investment company that focuses on identifying listed companies with high growth potential and investing, has announced the completion of the purchase of 130 million shares of NEM Insurance Plc.
The cross deal, which has caught the attention of market watchers, sees Eaton, which was seeking to acquire 10%, buy 4% stake in NEM Insurance’s shares. The trade was negotiated between StanbicIBTC stockbrokers, and TRW Stockbrokers, representing the seller and the buyer respectively.
In the stated trade, 130 million shares of NEM Insurance were sold at ₦4 representing a premium of 40.35% against the closing share price of ₦2.85.
Olaleye Adeyinka, managing…
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