{
  "id": 9720563,
  "title": "TGI expands logistics footprint with UAC’s 43% DP World stake",
  "url": "https://urgent.news/2026/09/25/tgi-expands-logistics-footprint-with-uacs-43-dp-world-stake",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-25T07:03:49.000Z",
  "source": {
    "name": "BusinessDay Nigeria",
    "slug": "businessday-nigeria",
    "url": "https://businessday.ng/companies/article/tgi-expands-logistics-footprint-with-uacs-43-dp-world-stake/"
  },
  "original_language": "en",
  "account": null,
  "summary": "UAC of Nigeria Plc is selling its 43 percent stake in DP World Logistics Limited, formerly known as MDS Logistics Limited, to 22 Plus Invest Limited, a member of the Tropical General Investments Group. According to Punch Nigeria, this was announced in an official filing submitted to the Nigerian Exchange Limited.\n\nThe completion of the transaction is subject to obtaining the requisite regulatory approvals. Fola Aiyesimoju, Group Managing Director of UAC of Nigeria Plc, expressed confidence that TGI will be a strong long-term partner for DP World, bringing deep market knowledge and a strong track record of building businesses in Nigeria.\n\nFarouk Gumel, Vice Chairman of TGI Group, highlighted that the acquisition aligns with their shared ambition to reshape trade and supply chain operations across Africa by combining DP World’s global reach with TGI’s extensive distribution network. BusinessDay Nigeria reported that UAC of Nigeria Plc is set to sell its 43 percent stake in DP World Logistics Limited.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Punch",
        "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",
        "published": "2026-09-25T02:36:41.000Z"
      }
    ]
  },
  "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."
}