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Market | Mergers & Acquisitions

FBN Holdings Plc Notifies of the Completion of the Acquisition of Access Pension Fund Custodian Ltd by First Pension Custodian Nigeria Ltd

Sep 22, 2022   •   by   •   Source: NGX   •   eye-icon 46 views

FBN-Holdings Plc (“FBNH”: or “the Company”) is pleased to inform Nigerian Exchange Limited (“NGX” or “the Exchange?) and the investing public that First Pension Custodian Nigeria Limited (“First Pension’), a subsidiary: of- FBNH’s- flagship’ subsidiary, First Bank of Nigeria Limited (“FirstBank”),-has: completed the acquisition of. 100% of the share capital of Access Pension Fund Custodian Limited from Access Bank Plc, having obtained the requisite regulatory approvals. .

 

The transaction has the “no objection” of the Central’ Bank of Nigeria as well as the approvals: of the National Pension Commission and the Federal Competition and Consumer Protection Commission.

 

The transaction is in line with First Pension’s growth strategy and advances its mission to be the ‘custodian of first choice’, and leading pension custodian in sub-Saharan Africa.

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