Titan Trust Bank raises $300 million from Afreximbank to fund Union Bank takeover
Titan Trust Bank got $300 million financing to complete the buyout of a controlling stake in Union Bank, according to the investment bank that midwifed the deal.
PAC Capital Limited facilitated the raise of the much-needed cash from Cairo-based African Export-Import Bank (Afreximbank), Humphrey Oriakhi, the CEO of the investment bank, said in an emailed statement sent to PREMIUM TIMES.
“Specifically, the arranged funding completed the funds required for the proposed acquisition,” Mr.…