Nigerian entrepreneur Gbotemi Kuti has led his company, Oak Heirs Miniature, to bear a controlling stake in Air Liquide Nigeria Plc, a leading dealer of industrial and clinical gases.
With this acquisition, Oak Heirs now owns 87.31% of the company, officially marking its entry into the gases sector.
Air Liquide Nigeria, beforehand owned by the African branch of the French multinational Air Liquide, has lengthy served hospitals, factories, and vitality corporations with needed gases like oxygen, nitrogen, acetylene, and argon.
The latest deal wraps up Air Liquide’s slack exit from certain African markets and areas the Nigerian firm on the center of a growing industry.
Oak Heirs is a Lagos-essentially based investment holding company essentially based by Gbotemi Kuti in 2017. Except now, the company has essentially centered on right estate and food processing.
The latest addition of Air Liquide Nigeria to its portfolio alerts a strategic shift in the direction of industries with rising interrogate and lengthy-term relevance in Nigeria’s economic landscape.
For Kuti, this isn’t sincere one other business deal.
It’s a continuation of a palms-on arrangement that began during his time at Plarc Consultants, where he helped gain foremost right estate and banking infrastructure initiatives.
His move from building to corporate investments has been marked by a spotlight on
growth, sustainability, and lengthy-term cost introduction.
Industry analysts insist the acquisition is forever a shipshape bet. With Nigeria’s growing population, rising healthcare desires, and expanding manufacturing unsuitable, the interrogate for industrial and clinical gases is anticipated to surge in the coming years.
This deal turned into once finalized with like minded toughen from AELEX, a top-tier industrial law firm operating in Nigeria and Ghana.
With this transfer, Oak Heirs isn’t sincere growing, it’s positioning itself on the coronary heart of Nigeria’s industrial future.
