News Formal

Fidelity Acquisition: Union Bank UK not Part of Titan Trust’s Deal with Union Bank Nigeria – THISDAYLIVE

  • 📰 THISDAY LIVE
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

Contrary to reports in some sections of the online media, Union Bank UK which Fidelity Bank Plc announced that it has reached an agreement to acquire, is not part of Union Bank of Nigeria Plc recently

acquired by Titan Trust Bank Limited.

The deal, regarded as one of the largest acquisition deals in the history of Nigeria’s banking industry, with an off-market deal worth N191 billion, has since positioned the lender to compete with other long-standing and well-rooted Nigerian banks.Findings however reveal that the ownership transfer excludes Union Bank UK, a former subsidiary of Union Bank of Nigeria Plc.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 14. in BUSİNESS

Business Business Latest News, Business Business Headlines