FBNH Obtains CBN Approval on its Divestment from FBN Microfinance Bank Ltd

Proshare

Friday, December 04, 2015 10:34AM / NSE  
 
          
FBN Holdings Plc has obtained the requisite approval from the Central Bank of Nigeria in respect of its divestment from FBN Microfinance Bank Limited

FBN Holdings Plc  has executed through a Sale and Purchase Agreement (SPA) with Letshego Holdings Limited to sell its shares to Letshego. We expect that the sale will be concluded before the end of the current financial year.

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