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Market | Mergers & Acquisitions

Access Holdings Banking Subsidiary to Divest from Its Pension Custody Business

May 19, 2022   •   by NGX   •   Source: NGX   •   eye-icon 303 views

Thursday, May 19, 2022 /09:47 AM / by NGX / Header Image Credit:  Premium Times

Access Holdings Plc (“Access Holdings”) announces today that its subsidiary, Access Bank Plc (“Access Bank"), has entered into a definitive agreement with First Pension Custodian Nigeria Limited (‘First Pension”) regarding a proposed purchase by First Pension of the entire share capital of Access Pension Fund Custodian Limited held by Access Bank (‘the Transaction’). 

The National Pension Commission and the Central Bank of Nigeria have given their ‘no objection’ to the Transaction. 

Access Holdings will update the market as appropriate and in accordance with its disclosure obligations.

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