Access Bank Restates Commitment to Deepen Presence in Kenya Access Bank Plc has cited the failure to fulfil some requisite conditions as the reason for calling off the proposed acquisition of Sidian Bank. A st
Access Bank Plc has cited the failure to fulfil some requisite conditions as the reason for calling off the proposed acquisition of Sidian Bank.
According to the statement issued by the bank’s parent company Access Corporation to the Nigerian Exchange Ltd, “The completion of the proposed transaction was subject to fulfilment or waiver of certain conditions before the Long Stop date as defined in the transaction agreement. “Consequently, we hereby notify the Nigerian Exchange Ltd and the investing public that the Sidian acquisition will no longer be completed by the Bank.”
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