{
  "id": 9678447,
  "title": "UAC sells 43% DP World stake to TGI member",
  "url": "https://urgent.news/2026/09/25/uac-sells-43-dp-world-stake-to-tgi-member",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-25T02:36:41.000Z",
  "source": {
    "name": "Punch",
    "slug": "punch",
    "url": "https://punchng.com/uac-sells-43-dp-world-stake-to-tgi-member/"
  },
  "original_language": "en",
  "account": "UAC of Nigeria Plc has agreed to sell its 43% stake in DP World Logistics Limited to TGI member 22 Plus Invest Limited, according to a filing with the Nigerian Exchange Limited. The transaction's completion depends on obtaining necessary regulatory approvals. UAC's Group Managing Director, Fola Aiyesimoju, expressed confidence that TGI will become a robust long-term partner for DP World and its stakeholders, leveraging their extensive market knowledge and experience in building businesses in Nigeria. The Vice Chairman of TGI Group, Farouk Gumel, emphasized that the strategic acquisition aligns with their goal of transforming trade and supply chain operations across Africa by merging DP World's global presence with TGI's extensive distribution capabilities.",
  "summary": "UAC of Nigeria Plc has agreed to sell its entire 43% shareholding in DP World Logistics Limited to 22 Plus Invest Limited, a member of the TGI Group. Read More: https://punchng.com/uac-sells-43-dp-world-stake-to-tgi-member/",
  "key_points": [
    "UAC sells 43% stake in DP World to TGI member 22 Plus Invest.",
    "Transaction depends on regulatory approvals.",
    "TGI aims to transform trade and supply chain operations in Africa."
  ],
  "editors_take": "This sale marks a strategic shift in DP World's ownership, aligning with TGI's goal to transform trade and supply chain operations across Africa by combining global presence with local distribution capabilities.",
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Punch Nigeria",
        "title": "UAC sells 43% DP World stake to TGI member",
        "url": "https://urgent.news/2026/09/25/uac-sells-43-dp-world-stake-to-tgi-member-9680497",
        "published": "2026-09-25T02:48:41.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}