Transnational Corporation of Nigeria

Last updated
Transnational Corporation plc
TypeConglomerate
Industry Energy, Power, Hospitality
Headquarters Lagos, Lagos State, Nigeria
Key people
ProductsHotels, energy, power
Website transcorpgroup.com

Transnational Corporation plc (or Transcorp Group), is a diversified conglomerate with strategic investments and core interests in the hospitality, agribusiness and energy sectors. [1] A publicly quoted conglomerate with a diversified shareholders base of about 290,000 investors, its notable assets include Transcorp Hotels plc (Transcorp Hilton Hotel, Abuja and Transcorp Hotels, Calabar); Transcorp Ughelli Power Limited and Transcorp Energy Limited (operator of OPL 281). [2]

Contents

Origin

Transnational Corporation Plc was incorporated on 16 November 2004. The original concept was that Transcorp would be a conglomerate, similar to the South Korean chaebol conglomerates. [3]

Transcorp's businesses

Acquisitions

Recent partnerships

On 30 January 2013, Transnational Corporation of Nigeria plc and General Electric (GE) signed a framework agreement to collaborate to address the infrastructural needs of Nigeria, with emphasis on the power and transportation sectors specifically rail transportation. [17] GE, a global leader in the design, manufacture, supply, installation and maintenance of technology and services for the power sector, confirmed its commitment to facilitate the generation of 10,000MW of additional power in Nigeria over the next decade in line with its existing agreement with the Federal Government of Nigeria, signed in March 2012. [18]

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References

  1. ↑ "Transcorp's resurgence and challenges ahead :: The Economy Magazine". Archived from the original on 2012-07-22. Retrieved 2012-03-15.
  2. ↑ "Transcorp and Partners Revise Oil License Agreement" . Retrieved 2017-08-29.
  3. ↑ "Transcorp's resurgence and challenges ahead :: The Economy Magazine". Archived from the original on 2012-07-22. Retrieved 2012-03-15.
  4. ↑ "Abuja Hotels - Transcorp Hilton Abuja - Hotels in Abuja, Nigeria". www.hilton.com. Retrieved 2020-10-10.
  5. ↑ "New $250m fund to drive W/Africa's technology development - BusinessDay : News you can trust". BusinessDay : News you can trust. 2013-12-03. Retrieved 2017-08-29.
  6. ↑ "Transcorp: Coming out of the Woods, Articles | THISDAY LIVE". Archived from the original on 2013-04-11. Retrieved 2013-02-27.
  7. ↑ "Teragro Limited Juice Plant" . Retrieved 12 August 2019.
  8. ↑ "InvestAdvocate - Market News::...In Your Interest". InvestAdvocate. Retrieved 2017-08-29.
  9. ↑ "Transcorp, 14 Firms Sign Agreement to Take over Discos, Gencos, Articles | THISDAY LIVE". Archived from the original on 2013-02-25. Retrieved 2013-03-14.
  10. ↑ "Transcorp's resurgence and challenges ahead :: The Economy Magazine". Archived from the original on 2012-07-22. Retrieved 2012-03-15.
  11. ↑ Iriekpen, Davidson (2010-06-28). "Nigeria: Court Restrains FG, Transcorp From Evicting Tenants". This Day (Lagos). Retrieved 2017-08-29.
  12. ↑ "InvestAdvocate - Market News::...In Your Interest". InvestAdvocate. Retrieved 2017-08-29.
  13. ↑ "Nigeria HomePage - Breaking News, Business, Sports, Entertainment and Video News". www.thenigerianvoice.com. Retrieved 2017-08-29.
  14. ↑ http://lagosbusinessnews.com/node/388 [ dead link ]
  15. ↑ "The Guardian Nigeria Newspaper – Nigeria and World News". www.ngrguardiannews.com. Retrieved 2017-08-29.
  16. ↑ "Transcorp takes over Ughelli power plant - Vanguard News". Vanguard News. 2013-11-04. Retrieved 2017-08-29.
  17. ↑ "General Electric, Transcorp Target 650mw from Ughelli Power Plant, Articles | THISDAY LIVE". Archived from the original on 2013-02-02. Retrieved 2013-02-27.
  18. ↑ "General Electric, Transcorp Target 650mw from Ughelli Power Plant, Articles | THISDAY LIVE". Archived from the original on 2013-02-02. Retrieved 2013-02-27.
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