GTCO, led by Nigerian banker Segun Agbaje, targets 100 million UK share sale to meet new capital rules.
Listing on London Stock Exchange marks GTCOs global expansion and strategic recapitalization under Agbaje.
Proceeds will fund recapitalization, strategic acquisitions, and expansion in pension and asset management.
Guaranty Trust Holding Company Plc GTCO, the Lagos-based financial powerhouse led by Nigerian banker Segun Agbaje, plans to raise 100 million through a share sale in the United Kingdom as part of its broader capital expansion strategy.
The move comes as the Lagos-based financial group seeks to recapitalize Guaranty Trust Bank Plc, its flagship banking unit, to meet new regulatory thresholds.
The offer, targeting institutional and qualified investors, is in response to the Central Bank of Nigerias mandate requiring lenders with international licenses to shore up their capital to at least N500 billion 327 million by March 2026.
Strategic pivot to global capital marketsGTCOs planned listing on the London Stock Exchange LSE marks a key milestone, making it the first lender from the West African nation to list on the LSE. It joins Seplat Energy Plc and Airtel Africa Plc as the only Nigerian firms currently listed in London.
The listing, according to Agbaje, signals a pivotal moment in the groups evolution and supports its push to become a globally recognized African financial brand. Citigroup Global Markets Ltd. is acting as the sole global coordinator and bookrunner for the transaction.