Honeywell Group Limited (HGL) has notified FBN Holdings Plc (FBN) and regulatory authorities of the acquisition of 4,770,269,843 shares of FBN by its affiliate company, Barbican Capital Limited. This purchase is in addition to previously disclosed interests by HGL’s affiliates.

HGL holds its investments for the long term, working closely with all stakeholders to foster the creation of enhanced value for all.

The investment is consistent with HGL’s mission to create, build and invest in great businesses that deliver enduring value and improve lives. 

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About Honeywell Group Limited

Honeywell Group is a leading investment holding company with a deep history of building, scaling, and investing in some of Nigeria’s most successful businesses. 

For over five decades, the company has invested in critical sectors of the economy — foods, manufacturing, telecommunications, real estate, infrastructure, energy and financial services — and has built a solid track record of successfully enabling the growth of thriving, world-class companies in their respective sectors.