Finance Trust Bank (“FTB”) and Access Bank PLC (“Access Bank”) have announced the signing of a definitive agreement for Access Bank’s equity investment into FTB. The deal will also see Access Bank concurrently acquiring the shares currently held by FTB’s Institutional Shareholders who have sought to exit to a strategic, long-term shareholder. The transaction is subject to regulatory approvals by the Central Bank of Nigeria and Bank of Uganda, and is expected to close in the first half of 2024, following the fulfilment of customary conditions precedent. Following the anticipated…
Read MoreACCESS BANK TO ACQUIRE MAJORITY STAKE IN FINANCE TRUST BANK, TARGETS FINANCIAL INCLUSION, EMPOWERMENT AND INNOVATION IN UGANDA
