Godsmart Nigeria Limited acquired an additional 6% stake in Nigerian Aviation Handling Company Plc (NGSE:NAHCO) from Lufthansa Commercial Holding Gmbh on January 8, 2019. In this transaction, Lufthansa Commercial Holding Gmbh transferred all its 97.45 million shares and post completion, Lufthansa Commercial Holding Gmbh will hold no stake in in Nigerian Aviation Handling Company Plc, while Godsmart Nigeria Limited becomes the single largest majority shareholder with 26.95% in Nigerian Aviation Handling Company Plc. Consequent upon the consummation of the transaction, the Directors representing the divesting shareholders tendered their resignation from the Board while the new investor nominated two new Non-Executive Directors. Idris Yakubu, who had taken over as the Managing Director of NAHCO in November 2017 recently resigned his appointment. Godsmart Nigeria Limited completed the acquisition of an additional 6% stake in Nigerian Aviation Handling Company Plc (NGSE:NAHCO) from Lufthansa Commercial Holding Gmbh on January 8, 2019.