Access Holdings seals deal to buy Standard Chartered Bank subsidiaries in four African countries
Access Holdings has entered into various pacts with Standard Chartered Bank (StanChart) aimed at acquiring the British Bank’s subsidiaries in four African markets, Nigeria’s biggest lender announced Friday.
The move signals Access Holdings most aggressive push for expansion beyond its home market Nigeria ever since it commenced operation in Nigeria in 1989 as Access Bank.
StanChart’s banking operations in Angola, Cameroon, The Gambia and Sierra Leone are up for grabs by Access Holdings, according to a statement seen by PREMIUM TIMES.
The financial services group’s takeover of African Banking Corporation (Tanzania) Limited (BancABC Tanzania) is also in the bag with a definitive agreement on the deal already in place.
More details shortly.
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Access Holdings has entered into various pacts with Standard Chartered Bank (StanChart) aimed at acquiring the British Bank’s subsidiaries in four African markets, Nigeria’s biggest lender announced Friday.
The move signals Access Holdings most aggressive push for expansion beyond its home market Nigeria ever since it commenced operation in Nigeria in 1989 as Access Bank.
StanChart’s banking operations in Angola, Cameroon, The Gambia and Sierra Leone are up for grabs by Access Holdings, according to a statement seen by PREMIUM TIMES.
The financial services group’s takeover of African Banking Corporation (Tanzania) Limited (BancABC Tanzania) is also in the bag with a definitive agreement on the deal already in place.
More details shortly.
Support PREMIUM TIMES’ journalism of integrity and credibility
Good journalism costs a lot of money. Yet only good journalism can ensure the possibility of a good society, an accountable democracy, and a transparent government.
For continued free access to the best investigative journalism in the country we ask you to consider making a modest support to this noble endeavour.
By contributing to PREMIUM TIMES, you are helping to sustain a journalism of relevance and ensuring it remains free and available to all.
Donate
TEXT AD: Call Willie – +2348098788999
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