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Fidelity Bank Consents To Purchase Union Bank UK

Fidelity Bank has consented to take over the United Kingdom unit of Nigeria’s second oldest lender, Union Bank, the former said Tuesday. PREMIUM TIMES reports. jamb results

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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.

Fidelity Bank will be acquiring Union Bank UK 100 per cent if the deal goes through, according to a binding agreement between the two. Information Guide Nigeria

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Goodnews

Essien, Goodnews is a gruaduate of Communication Arts, University of Uyo, Uyo; Currently working at Infoguide Media as a news writer.

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