Proshare Logo
   Market Date: 19-09-2014   
Agriculture All One Min News Archives Bonds Cap Mkt Sentiments Capital Market CASHLESS NIGERIA Commodities Corporate Earnings Daily & Weekly Market Updates Enterpreneurship ETFs Forex Frauds & Scandals General Global Market Insurance Investors NewsBeat Islamic Finance Mergers & Aquisitions Money Market Mortgage Mutual Funds Nigeria Economy Oil Sector Opinions and Analysis Pensions People Personal Finance Politics Power Products & Services Professionals Property Public Offers Private Placements Regulators REITs Stock PICKS Taxation Telcos Travel & Tours Unlisted OTC MARKET World of Business

FCMB Plc shareholder consent to the M&A with Finbank Plc

Category: Mergers & Aquisitions


  Read (2918)
FCMB Plc shareholder consent to the M&A with Finbank Plc

September 29, 2011 / 1229hours

 

First City Monument Bank Plc (FCMB Plc) has just approved Merger and Acquisition Deal with Finbank Plc. Against the backdrop of the distraction created about whether the EGM’s of FCMB Plc and Finbank Plc will hold or not, Shareholders of FCMB Plc vote in favour of the M&A.  

 

In the votes just counted, 99.97 per cent or 7.9 billion unit holders of FCMB Plc shareholders vote in favour of merger deal with troubled FinBank Plc while only 1.8 million unit holders voted against the merger deal.

 

Finbank Plc will remain as a separate entity in FCMB Plc and will benefit from the balance of FCMB Plc.

 

Stay tuned for updates.

 

Report Filled by MBC team in Abuja and the Proshare team in Lagos 

For further updates, join the conversation at the EGM Week special coverage and the Proshare Investment Community



Tags: , 



Comment With Your Facebook or Yahoo! ID


Latest news


News on Mergers & Aquisitions

About Us

Who We Are
Our Team & Partners
Corporate Governance
Advertise with Us
Subscribe / Unsubscribe
Site Map
News Feed - RSS
Newsletter
Contact Us
Message from CEO
Resources

News & Features
The Analyst / Market Data
Investor Relations Portal
The Regulator
Economy & Politics
WebTV
Training Portal
Events Calendar
NewsStands - Online Reputation

Products and Services

Research & Market Intelligence
Analyst Services
Offers & Rights Support Service
Investor Relations Services
Alert & Subscription Services
Share Support Services
Proshare Consult
Event & Seminar Coverage
Market Directory
File a Complaint
News & Analysis

#1minNews
News from TheANALYST
Video News from WebTV
Money Market Updates
Opinions & Analysis
Nigerian Economy
Market Data
The Regulator
Newsletters
Discussion Forum
Policy

Subscriber Agreement
Privacy Policy
Data Policy
Disclaimer
Copyright Policy
Trademarks
Comments in Site
Advertising Code
Conflict of Interest
Content Partnership
3rd Parties

Online Trading and Execution
Training
Legal Support Services
Web/Technology Services
File a Complaint