Nigerian Businessman Gbotemi Kuti's Oak Heirs Acquires Controlling Stake In Air Liquide

Oak Heirs acquires 87.31 stake in Air Liquide Nigeria Plc, marking its entry into the industrial and medical gases sector.

Deal ends Air Liquides phased exit from select African markets legal advice provided by AELEX, a top commercial law firm.

Acquisition expands Oak Heirs investment portfolio under Gbotemi Kuti, adding gases to its interests in real estate and food processing.

Oak Heirs Limited, an investment holding company based in Lagos and led by Nigerian business executive Gbotemi Kuti, has acquired a majority stake in Air Liquide Nigeria Plc, a well-known supplier of industrial and medical gases. The company is a subsidiary of Air Liquide Afrique S.A. , the African arm of the French multinational group, Air Liquide.

The multimillion-dollar deal, now completed, saw Oak Heirs take over an 87.31 percent stake in Air Liquide Nigeria Plc. With this transaction, Oak Heirs assumes control of a company listed on the NASD OTC Securities Exchange and closes out Air Liquides phased withdrawal from select African markets.

To finalize the transaction, Air Liquide Afrique S.A. was advised by AELEX, a leading commercial law firm with offices in Nigeria and Ghana. Air Liquide, a global player in gases and technologies for industry and healthcare, operates in 60 countries and serves more than 4 million customers and patients through a workforce of over 66,000 people.

By taking over Air Liquide Nigeria Plc, Oak Heirs is stepping into the industrial and medical gases spacean area with growing demand across healthcare, manufacturing, and energy sectors in Nigeria. The company produces and supplies gases such as argon, acetylene, nitrogen, nitrous oxide, and medical oxygen.

For Gbotemi Kuti, this acquisition adds another chapter to a career defined by steady, hands-on growth. Before founding Oak Heirs in 2017, Kuti worked as associate director of design and construction at Plarc Consultants, where he led major projects for FCMB, Skye Bank, and Kakawa Discount House. He also helped expand the firms footprint into real estate with developments in Abuja and Lagos.