Geregu Power Plc will be listed on the Nigerian Exchange Group (NGX)’s Main Board. According to NGX, 2.5bn shares of the company will be listed by introduction.
Geregu Power, a leading power generation, will have a listing price of N100 per share; and will trade under the code Geregu with a market capitalisation of N250 billion, NGX said.
When completed the company will be making history as the first power firm listed on NGX. Geregu Power was incorporated in 2006 and is one of the unbundled companies from the Power Holding Company of Nigeria.
