Sunset at Noon: Herbert Wigwe (1966 – 2024) thisdaylive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thisdaylive.com Daily Mail and Mail on Sunday newspapers.
UPDATED: Access Bank buys Mozambique’s African Banking Corporation in latest expansion frenzy
No mention has been made of the value of the transaction yet.
ADVERTISEMENT
Access Bank Plc will now look to consolidate its operations in Mozambique into a single financial services unit, and hope that gaining new grounds will add bigger value to miles already covered after acquiring another banking asset in the Southern African nation.
Its subsidiary in Mozambique consummated a deal for the acquisition of African Banking Corporation, backed by London-listed financial services group
Atlas Mara Limited, according to the lender’s note to the Nigerian Exchange Limited on Tuesday. No mention was made of the value of the transaction yet.