Access Bank Receives Regulatory Approval to Acquire Angola Company.

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The Central Bank of Angola, Banco Nacional de Angola, has given its clearance to Access Bank, the flagship subsidiary of Access Holdings Plc, for the acquisition of the majority ownership holding in Finibanco Angola S.A. This information was provided in a corporate notice posted on Wednesday by Nigerian Exchange Limited.

On October 4, 2022, Access Holdings announced the agreement after receiving approval from the Central Bank of Nigeria. The bank stated that it anticipated receiving the Angolan Competition Authority’s approval in the upcoming days, which would fulfill the regulatory requirements for the deal and allow the bank to start completing other customary conditions precedent to close the deal.

The Group CEO, in a statement regarding the development, Access Holdings, Dr. Herbert Wigwe, said, “We are pleased to be well-positioned to join the select league of banks providing high value financial services to high-growth businesses and the rising consumer sector in Angola.

Punch.

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