LivingTrust Mortgage Bank Plc is set to receive a significant boost with a foreign investor eyeing a 7% stake in the bank.
Industry sources familiar with the transaction have revealed that the investor is poised to initiate the regulatory process for the acquisition after completing due diligence.This strategic move, if successfully completed, will provide the investor with a significant foothold in LivingTrust Mortgage Bank Plc.
Moreover, the infusion of capital from this investment will enable the bank to strengthen its position in Nigeria’s mortgage banking sector, further solidifying its presence and competitiveness in the market.
Source: Daily Trust