The Federal High Court 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.
The Nation had on Monday reported that financial regulatory authorities had given final approvals to the scheme of merger, paving the way for submission to a Federal High Court for the final court sanction. The NSE explained that the full suspension on Diamond Bank, which took effect yesterday March 20, 2019, was sequel to the court sanction, which brought the business combination into effect on Tuesday March 19, 2019.
Directors and management of the banks said the merger will create significant values for all stakeholders, underlining the inherent synergies and value accretion in the business combination. Group Managing Director, Access Bank Plc, Mr Herbert Wigwe, said the two banks share several common values and technologies that make the business combination a seamless one.
United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Daily Trust - 🏆 13. / 51 Read more »
Source: LeadershipNGA - 🏆 4. / 77 Read more »
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
Source: PremiumTimesng - 🏆 3. / 78 Read more »