Fidelity Bank Seals Pact To Acquire One Of Nigeria's Oldest Banks -SEE WHICH
Thompson Nsisongabasi
Aug 30, 2022
One of the oldest lending banks in Nigeria, Union Bank is set to loose its ownership to the Fidelity Bank.
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Fidelity Bank on Tuesday revealed it had agreed to take over the United Kingdom unit, Union Bank.
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It is the latest phase in the train of divestments by the latter which, beginning late last year, saw Union Bank offload 90 per cent of its shareholding to a new owner, Titan Trust.
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Fidelity Bank will be acquiring Union Bank UK 100 per cent if the deal goes through, according to a binding agreement between the two stated in a regulatory filing published by the Nigerian Exchange and seen by PREMIUM TIMES.
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Details Later.....
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— Thompson Nsisongabasi