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In my country (Nigeria), there’s a publicly-traded conglomerate (BUA Group) where the founder and his son jointly own a 98% stake [1]. 1- https://nairametrics.
by boeingUH60 4y ago
In my country (Nigeria), there’s a publicly-traded conglomerate (BUA Group) where the founder and his son jointly own a 98% stake [1].
1- https://nairametrics.com/2022/01/14/366674/ https://nairametrics.com/2022/01/14/366674/
- danielmarkbruce 4y agoInteresting. What are they trying to achieve with these listings? It might be nice for a magazine article or something, but it seems like there is little practical use? For example, I don't imagine any bank being willing to use those shares as collateral, nor an acquisition target valuing those shares as a currency. Is it just ego?