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LASACO ownership structure shifts after N18.5bn rights issue

LASACO ownership structure shifts after N18.5bn rights issue

LASACO Assurance Plc has undergone a significant change in its ownership structure after an N18.47bn rights issue, which strengthened the financial position of the insurer. Currently, two shareholders have increased their combined stake to 87.21 per cent. The capital-raising exercise has given Ibile Holdings Limited, an investment company owned by the Lagos State Government, majority

  • lasaco
  • ownership
  • structure
  • issue
  • right
  • shift
  • assurance
  • plc

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