Nigeria, June 14 -- Related parties in investment company VFD Group offloaded 2.8 million shares on 11 June, according to regulatory filings at the Nigerian Exchange Limited (NGX).

Processus Capital Limited, a related party to one of the subsidiaries, sold 2 million shares at a unit price of N16.14 in a transaction worth N32.3 million.

On the same date, Expoze International, a related party to an undisclosed former director, sold 780,526 shares at N16.11 per share. The deal was valued N12.6 million.

A number of related party transactions in VFD Group shares as contained in regulatory filings earlier this month showed a trend of increasing reduction of stakes through share sales.

Processus Capital, on 28 May, divested 868,710 shares at...