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FBN Holdings to acquire Access Bank's pension fund custodian business | TheCable

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First Bank Holdings Plc says its subsidiary, First Pension Custodian Limited, has entered into an agreement to purchase Access Bank Plc’s entire share capital in Access Pension Fund Custodian Limited.

Pension Fund Custodians are responsible for keeping safe custody of pension assets on trust on behalf of contributors.

“The Central Bank of Nigeria and the National Pension Commission have given their “no objection to the Transaction, with completion subject to the receipt of all required regulatory approvals,” the statement reads.“FBNH will update the market as appropriate and in accordance with its disclosure obligations.”

 

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FBN Holdings takes over Access Bank’s pension businessFBN Holdings is buying out Access Pension Fund Custodian in a deal involving 100 per cent ownership transfer.
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