VFD Group divests N7bn worth of investment in Atiat Limited

VFD Group Plc, on Friday disclosed that its management has approved a divestment of its 57.26per cent stake in Atiat  Limited, that is worth N7 billion.

The leading proprietary investment company renowned for its strategic vision and  robust portfolio management in a statement posted on the Nigerian Exchange Limited (NGX) stated that its management  fully divestment of 343,546,646 ordinary shares of its holdings in Atiat Limited marks an important milestone for both companies.

The company expressed further that it underscores VFD Group’s commitment to delivering superior  value to its stakeholders while positioning Atiat for an exciting new chapter of growth and  expansion.

According to VFD group, the decision to divest aligns with management’s  strategic framework, which emphasizes  optimizing its portfolio by directing resources toward high-growth opportunities. 

The N7 billion  transaction reflects the strong value created under VFD Group’s stewardship and its ability to  execute disciplined investment decisions that maximize shareholder returns.

Speaking on the divestment, Group Managing Director of VFD Group, Nonso Okpala in a statement stated: “This transaction is a testament to the quality of our investment decisions and our ability to  unlock value for our investors. 

“The divestment of our stake in Atiat Limited is a strategic move  that allows us to redeploy capital into higher-growth opportunities while maintaining our focus  on delivering exceptional returns for institutional and retail investors.”

Over the years, Atiat has evolved into a formidable player in Nigeria’s financial services sector. 

Under VFD Group’s leadership, the company expanded its market presence, achieved 

significant financial milestones, and built a solid governance framework that positions it for 

continued success. 

The divestment is a natural next step in Atiat’s growth journey, allowing it to 

chart an independent course while capitalizing on new opportunities in the financial ecosystem.

Atiat’s Strength and Forward Momentum Atiat Limited remains a strong, financially sound, and forward-focused institution. 

Over the last  four years, the company has recorded exponential growth in revenue, profitability, and  shareholder value, with year-on-year cumulated average growth in Gross Earnings rising 

from N2 billion in 2021 to N9.7 billion in 2024, Profit before tax (PBT) growing from a loss of 

N30.4 million in 2021 to N1.4 billion in 2024 (unaudited). Shareholders’ funds have also 

surged from N327 million in 2021 to N8.2 billion in 2024. 

Its corporate governance structure, 

led by a board of distinguished professionals, and its commitment to operational excellence 

have positioned Atiat as a leader in the financial services sector.

The company continues to deepen its presence in leasing, consumer lending, and bridge 

financing, with plans to make strategic investments in banking and insurance. With a robust 

leadership team, an exceptional workforce, and a proven track record of performance, Atiat is 

entering its next phase of expansion with confidence and momentum