Home Business Capital Access Bank Zambian Subsidiary To Acquire 100% Stake In Caymont Bank Zambia
Capital

Access Bank Zambian Subsidiary To Acquire 100% Stake In Caymont Bank Zambia

Share
Share

July 8, 2020/NSE

Access Bank Plc (“Access Bank”) announces today that its wholly owned subsidiary in Zambia, Access Bank Zambia Limited (“Access Bank Zambia”) has entered into exclusive discussions with Cavmont Capital Holdings Zambia Plc (“Cavmont Capital”) regarding a potential transaction between Access Bank Zambia and Cavmont Bank Limited (“Cavmont Bank”), a wholly owned subsidiary of Cavmont Capital. The potential transaction relates to the sale of 100% of Cavmont Capital’s interest in Cavmont Bank to Access Bank Zambia.

There can be no certainty that a transaction will be agreed, nor as to the terms of any such agreement. The completion of a transaction would be subject to formal regulatory approvals. Access Bank will update the market as appropriate and in accordance with its’ disclosure obligations.

Accordingly, shareholders are advised to exercise caution when dealing in Access Banks securities until a full announcement is made.

Share

Businesstoday Magazine

Businesstoday Conference/Awards

Related Articles

Access Holdings Reports 82.8% Growth In Q3 PAT To ₦457.7 billion

*As Total Assets Hit To ₦41.1 Trillion   Access Holdings Plc, one...

CSCS Clinches “Capital Market Infrastructure Developer Of The Year” At BAFI Award 2024

L-R: Frank Aigbogun, Co-founder Business Day, Onome Komolafe, Divisional Head, Business Service...

United Capital Group Takes Home Five Major Awards At 2024 BAFI Awards

L-R: Group Executive Director and Chief Operating Officer, Ayodeji Adigun, Group Chief...

United Capital Grows Profit By 93% yoy

United Capital Group has further cemented its upward growth trajectory, with an...