Billionaire businessman, Femi Otedola, has arrived in Hanover, Germany to close down an investment deal.
The 56-year-old announced this in a post on Instagram on Tuesday.
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“Just breezed into Hanover this afternoon to lock down a final investment decision,” Mr Otedola said.
The philanthropist had in August announced he would be striking his biggest deal ever soon.
Otedola, who in June said he had concluded the sale of his 75% stake in Forte Oil, had hinted he would be focusing on the power sector.
According to Forbes, a banker who worked on the sale of Otedola’s shares in Forte Oil said the shares went for $250 million.
Otedola last featured on the Forbes list of billionaires in 2015 with a fortune estimated at $1.8 billion at the time.
