Heirs Holdings Limited, the investment company chaired by billionaire Tony Elumelu, has increased its stake in United Bank for Africa Plc (UBA) with the purchase of 45,034,044 shares valued at approximately N1.54 billion.
The transaction was disclosed in a filing on the Nigerian Exchange, signed by UBA’s Company Secretary and Legal Counsel, Bili A. Odum.
Details of the disclosure reveal that Heirs Holdings Limited acquired the ordinary shares at a price of N34.30 between May 22 and 23, 2025, under the identification code NGUBA000001.