Fidelity Bank has completed the acquisition of the 100 per cent equity in Union Bank UK, a subsidiary of the Union Bank of Nigeria.
This was disclosed in a corporate notice filed with the Nigerian Exchange Limited on Wednesday.
Fidelity Bank had in August 2022 announced the proposed acquisition of the UK bank.
According to the 2022 annual reports of Union Bank of Nigeria, the former owners of UBUK, the subsidiary had been sold for a cash consideration of N8.3bn,…
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