Home / Breaking News / Zenith, Access Move to Acquire Union Bank
Zenith, Access Move to Acquire Union Bank

Zenith, Access Move to Acquire Union Bank

Nigerian banks, Zenith Bank Plc and Access Bank Plc, have been mentioned among banking institutions from Africa and the Middle East that have indicated an interest in the acquisition of Union Bank Plc.

Union Bank and other African assets are properties linked to Atlas Mara Group, a Pan-African banking group. Bloomberg reported that sources disclosed that Atlas Mara Limited has received a number of approaches for its 49.97 per cent holding in Union Bank of Nigeria.

The report lists Zenith Bank and Access Bank Plc among those who expressed interest in acquiring the bank including Morocco’s Attijariwafa Bank.

The report also noted that it’s uncertain whether the talks will lead to a transaction, though Atlas Mara has been working with Rothschild & Co. to consider options for its Union Bank stake.

As a result of the pandemic, Atlas Mara Limited lost shares worth about 96 per cent since it started trading towards the end of 2013. The stake in UBN held by the company is Nigeria’s sixth-largest bank by market value.

(gazettengr.com)

About newsfrontonline

Leave a Reply

Scroll To Top
prediksi dapurtoto dapurtoto dapurtoto dapurtoto dapurtoto rtp dapurtoto dapurtoto dapurtoto dapurtoto dapurtoto dapurtoto dapurtoto dapurtoto dapurtoto dapurtoto dapurtoto dapurtoto dapurtoto dapurtoto dapurtoto dapurtoto dapurtoto dapurtoto dapurtoto dapurtoto dapurtoto dapurtoto dapurtoto dapurtoto dapurtoto dapurtoto dapurtoto bandar togel situs togel bandar togel bandar togel bandar togel bo togel situs togel situs togel bandar togel slot gampang menang situs togel situs toto situs toto situs toto bo togel sdtoto sdtoto situs togel bandar togel bandar togel terpercaya bo togel bandar togel toto togel situs toto bandar togel bandar togel bo togel toto togel situs toto slot online situs togel agen togel terpercaya situs togel terpercaya bo togel terpercaya slot pragmatic play bandar togel terpercaya bo togel bandar togel situs toto bandar togel bandar togel situs togel bandar togel hadiah 4d 10 juta bo togel terpercaya situs agen togel bandar togel