Honeywell Group acquires 14% stake in Ikeja Hotel

By Peter Egwuatu
Honeywell Group Limited, has acquired a 14.12 percent stake in Ikeja Hotel Plc.
This was disclosed in a statement sent to the Nigerian Exchange Limited, NGX by Ikeja Hotel Plc and signed by the company secretary,OOT Nominees Limited on Thursday.
The company, in the statement stated: “Ikeja Hotel Plc (the company) hereby notifies the Nigerian Exchange Limited and the general public that it has received notification from HGL Real Estate Limited, an affiliate of Honeywell Group Limited that it has acquired 305,323,525 units of Ikeja Hotel Plc’s shares representing 14.12% shareholding in the Company.”
The Ikeja Hotel did not disclose the value of the transaction, find...