UAC Nigeria to sell 43% stake in DP World Logistics to TGI Group

UAC Nigeria has agreed to sell its 43% stake in DP World Logistics, formerly known as MDS Logistics, to TGI Group, a member of the Tropical General Investments Group. The agreement, yet to be approved by authorities, was announced in a company filing on September 24, 2026. UAC Nigeria's Group Managing Director, Fola Aiyesimoju, expressed confidence in TGI Group's ability to support the logistics company's growth trajectory, which has been bolstered by DP World's global supply chain expertise.

UAC has worked closely with DP World to aid in the company's expansion and operational development. TGI Group sees this acquisition as a strategic step towards its vision for logistics, trade, and supply chain development across Africa. It aims to utilize its distribution network and market insights in conjunction with DP World's international logistics know-how.

The collaboration is expected to enhance regional connectivity and supply chain resilience, unlocking long-term economic prospects in African markets. This deal brings together three entities with substantial influence across various sectors. The combined expertise of these organizations is anticipated to aid in the ongoing growth of logistics and trade infrastructure in Nigeria and beyond.

UAC's decision to sell its DP World Logistics shares comes in the wake of its recent acquisition and integration of C.H.I. Limited, aligning with its strategy of refining its investment portfolio and focusing on long-term value creation.