Diamond Bank Plc. has said the Federal High Court of Nigeria has sanctioned the Scheme of Merger pursuant to which Access Bank Plc will acquire its entire issued share capital through a cash and share exchange.
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Court seals Access Bank, Diamond Bank merger - The Nation NigeriaThe Federal High Court (FHC) has sanctioned the approved scheme of merger between Access Bank Plc and Diamond Bank Plc, the final seal that effectively brings the merger of the two commercial banks into effect. Consequently, the Nigerian Stock Exchange (NSE) yesterday suspended trading on the shares of Diamond Bank Plc, which will be dissolved …
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Acquisition: Court approves Access Bank's share allotment to Diamond Bank's shareholdersAcquisition: Court approves Access Bank’s share allotment to Diamond Bank’s shareholders
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CBN, SEC green light for Access, Diamond merger - The Nation NigeriaThe Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) have approved the merger of Access Bank Plc and Diamond Bank Plc, the last major regulatory hurdle for the consummation of the business combination. Both banks at the weekend confirmed receipt of the final approval from the financial services authorities. The final …
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Merger: Access, Diamond Get Final ApprovalAccess Bank Plc and Diamond Bank Plc have gotten final merger approvals from the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC). The two financial institutions, in separate corporate disclosures issued on the Nigerian Stock Exchange (NSE) at the weekend, confirmed that the approvals have been secured. “Access Bank Plc is […]
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