Finance Trust Bank (FTB) Uganda and Access Bank have officially signed a definitive agreement for Access Bank’s equity investment into FTB.
Upon the successful closing of the transaction, Access Bank is set to possess an estimated 80 percent shareholding in FTB. The completion of this deal is contingent upon regulatory approvals from the Central Bank of Nigeria and Bank of Uganda. The transaction is to be concluded by the first half of 2024, subject to the fulfilment of customary conditions precedent.
Access Bank Plc reaffirms its unwavering commitment to driving sustainable growth and delivering exceptional value to its stakeholders through strategic investments like this one.
Source: Business Day