News Formal

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

  • 📰 thecableng
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 80%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

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.”

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:

 /  🏆 2. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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.
Source: PremiumTimesng - 🏆 3. / 78 Read more »