Tag: Acquisition Talks
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Access Bank commences acquisition talks with another bank
Nigerian lender, Access Bank Plc, is planning to acquire another financial institution as part of its aggressive expansion drive. The company, which intends to be one of the biggest banks in Africa, is already in an advanced stage with the bank it wants to merge with. A statement issued by the company said its subsidiary…
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Diamond Bank appoints new chair to oversee merger arrangements with Access Bank
Diamond Bank Plc on Thursday named Mr. Dele Babade as its acting chairman. He succeeds Mr. Oluseyi Bickersteth, who recently resigned as a director and chairman of the bank. In a statement signed by the bank’s Company Secretary and Legal Adviser, Uzoma Uja, the bank indicated that Babade’s appointment took effect on December 24, 2018.…
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JUST IN: Diamond Bank speaks on ‘acquisition talks’ with Access Bank
The management of Diamond Bank on Monday reacted to news making the rounds that it is in talks with Access Bank for acquisition. The bank in a statement signed and released by its secretary/legal adviser, Uzoma Uja on Monday said it is not in merger or acquisition discuss with any financial institution for now. It…