West Power Gas Limited, led by Nigerian executive Wola Joseph-Condotti, has completed the sale of its 60 percent controlling stake in Eko Electricity Distribution Company Eko DisCo in a transaction valued at N360 billion 250 million, marking one of the biggest privately negotiated deals in Nigerias power distribution sector in more than a decade.
The buyer, Transgrid Enerco Limited, finalized the acquisition after months of negotiations and due diligence, according to people familiar with the matter. The deal transfers control of one of Nigerias largest electricity distributors from West Power, which acquired the same stake during the 2013 privatization of the former Power Holding Company of Nigeria.
Consortium closes 250 million power deal
