Fidelity Acquisition: Union Bank UK Not Part Of Titan Trust’s Deal With Union Bank Nigeria

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Contrary to reports in some sections of the online media, the Titan Trust Bank (TTB) Limited has clarified that Union Bank UK. which Fidelity Bank Plc

announced that it has reached an agreement to acquire, was not part of Union Bank of Nigeria Plc initially acquired by it.

Recall that earlier in the year, Titan Trust Bank through its parent company, Tropical General Investments Limited , completed the acquisition of Union Bank of Nigeria, as part of its ambitious plan of building a strong Tier-1 brand capable of taking up a larger market share in the country and the larger continent.

 

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