Sub-Saharan Africa’s largest lender, Access Bank PLC, has cited the failure to fulfil some requisite conditions as the reason for calling off the proposed acquisition of Sidian Bank. The discontinuation ends Access Bank PLC’s binding agreement with Centum to acquire the entire 83.4 percent shareholding held by the investment company in Sidian Bank Ltd. According to a statement issued by the Bank’s parent company Access Corporation to the Nigerian Exchange Ltd on Thursday, 12 January 2022, “The completion of the proposed transaction was subject to fulfilment or waiver of certain…
Read MoreACCESS BANK RESTATES COMMITMENT TO DEEPEN PRESENCE IN KENYAN MARKET AFTER DISCONTINUATION OF SIDIAN BANK ACQUISITION
