Transnational Corporation of Nigeria Plc agreed to acquire Afam Generation Company Limited for approximately NGN 105.3 billion.

Transnational Corporation of Nigeria Plc (NGSE:TRANSCORP) agreed to acquire Afam Generation Company Limited for approximately NGN 105.3 billion on April 30, 2019. As of June 16, 2020, Transnational Corporation of Nigeria Plc disclosed that the transaction is expected to be completed soon.