Intrigues as Otedola takes strategic position in blue-chip assets

Efforts by billionaire businessman, Femi Otedola to increase his stake in bluechip companies heightened last week with his claimed acquisition of 5.52 per cent in Transnational Corporation Plc, culminating in N 2.245 billion shares in the company, in a deal between an entity owned by Otedola and the Asset Management Corporation of Nigeria (AMCON).