2025-12-30 14:30:00
According to Punch, MA’AM Energy has taken control of 77% of Geregu Power Plc following a restructuring that ends billionaire Femi Otedola’s indirect controlling interest.
The report said the shift followed changes around the majority shareholder structure and noted the transaction was not presented as a direct share sale on the NGX.
Geregu’s update cited in Punch said the transfer changes the controlling interest and sets up a new governance posture for one of Nigeria’s key listed generation assets.
Premium Times reported the ownership shift and cited a source saying the deal “was valued at $750 million.” In the corporate update referenced by Punch, Geregu Power stated: “As a result of this transaction, the indirect controlling interest… has been transferred to MA’AM Energy Limited.”
Echotitbits take: This is a strong signal that investors see real value in listed power assets. Watch for (1) capex commitments by the new controller, (2) governance changes, and (3) whether the move reshapes market expectations for other energy listings.
Source: The Punch — December 30, 2025 (https://punchng.com/otedola-cedes-geregu-power-control-to-maam-energy/)
The Punch 2025-12-30
Photo Credit: The punch
