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Fidelity Bank seals pact to buy Union Bank UK ~ Prestige News
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Fidelity Bank will be acquiring Union Bank UK 100 per cent if the deal goes through.
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Fidelity Bank has agreed to take over the United Kingdom unit of Nigeria’s second oldest lender, Union Bank, the former said Tuesday.
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It is the latest phase in the train of divestments by the latter which, beginning late last year, saw Union Bank offload 90 per cent of its shareholding to a new owner, Titan Trust.
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Fidelity Bank will be acquiring Union Bank UK 100 per cent if the deal goes through, according to a binding agreement between the two stated in a regulatory filing published by the Nigerian Exchange and seen by PREMIUM TIMES.
More details shortly…