### Femi Otedola's Strategic Exit from Geregu Power: A $750 Million Transaction Billionaire investor Femi Otedola has divested his controlling stake in Geregu Power Plc, Nigeria's leading power generation company, in a significant transaction valued at approximately $750 million. This move marks one of the largest private-sector exits in Nigeria's electricity industry, as Otedola relinquished his 77% stake, which was held through his company, Amperion Power Distribution Company Ltd. The deal was officially announced via a filing on the Nigerian Exchange (NGX) and is seen as a pivotal moment in the restructuring of the power sector in Nigeria [https://thesun.ng/otedola-exits-geregu-power-in-750m-deal][https://independent.ng/otedola-sells-majority-shares-in-geregu-power]. ### Breakdown of the Transaction and Its Implications 1. **Transaction Details**: - Otedola's exit involved a sale of his shares for **N1.088 trillion**, approximately **$750 million**. - The deal was financed by a consortium of banks led by **Zenith Bank Plc** [https://dailypost.ng/2025/12/29/otedola-sells-shares-in-geregu-power-for-n1trn][https://businessday.ng/news/article/otedola-steps-down-as-geregu-power-chair-in-major-leadership-shake-up]. 2. **Ownership Changes**: - Following the sale, **MA'AM Energy**, linked to Abdul-Aziz Abubakar Yari, acquired the controlling interest in Geregu Power. - This transaction signifies a major shift in the ownership structure of the company, leading to a reconstitution of its board [https://businessday.ng/companies/article/otedola-sells-off-stake-in-geregu-power-in-major-shareholding-restructuring][https://blackboxnigeria.com/femi-otedola-exits-geregu-power-in-₦1-trillion-stake-sale-abdulaziz-yari-takes-over-as-chairman]. 3. **Market Impact**: - Otedola's exit is expected to influence the dynamics of Nigeria's power sector, as it reflects a broader trend of restructuring and investment shifts within the industry. - The valuation of Geregu Power is now estimated to be nearing **₦3 trillion**, indicating a robust market position despite the ownership changes [https://www.brandiconimage.com/2025/12/29/otedola-exits-geregu-power-in-750m-deal.html][https://www.legit.ng/business-economy/capital-market/1690199-femi-otedola-sells-shares-geregu-power-n1trn]. ### Supporting Evidence and Data - **Transaction Value**: - Sale Price: **N1.088 trillion** (~$750 million). - Stake Sold: **77%** controlling interest in Geregu Power. - **Financing**: - Led by **Zenith Bank Plc** and a consortium of banks [https://platformsafrica.com/2025/12/29/n1trn-deal-otedola-sells-ownership-of-geregu-power-to-zenith-bank-led-consortium]. - **Market Position**: - Geregu Power's valuation post-transaction: **₦3 trillion** [https://www.thecable.ng/otedola-sells-shares-in-geregu-power-for-n1trn]. ### Conclusion: A Pivotal Shift in Nigeria's Power Sector In summary, **Femi Otedola's divestment from Geregu Power Plc represents a significant shift in Nigeria's energy landscape**. The transaction, valued at approximately **$750 million**, not only marks one of the largest private exits in the sector but also indicates a potential strategic pivot for Otedola towards other investment opportunities, possibly in the banking sector. 1. **Major Findings**: - Otedola's exit signifies a restructuring in the power sector. - The deal was financed by a consortium led by Zenith Bank. - Geregu Power's valuation remains strong despite ownership changes. 2. **Future Implications**: - The transaction may lead to increased competition and investment in Nigeria's power generation landscape. - Stakeholder reactions and market adjustments will be closely monitored in the coming months [https://insidebusiness.ng/237498/femi-otedola-exits-geregu-power][https://naija247news.com/geregu-power-ownership-changes-as-otedola-exits-control-board-undergoes-major-overhaul].