AMCON Announces Sale of Shares in Enterprise, Keystone and Mainstreet Banks

Proshare

Friday, May 17, 2013 1435hrs / AMCON
 

The Asset Management Corporation of Nigeria (AMCON) today announced the commencement of the final process leading to the full divestment of its shares in the fully owned AMCON banks (Enterprise, Keystone and Mainstreet Banks).
 

The process will commence with the sale of Enterprise Bank and all interested parties should expect details of this sales process within the next 30 days.
 

Sales of the other two banks will follow sequentially, in order to ensure orderly and transparent transactions.
 

AMCON expects to conclude the sales of all three banks by the 3rd quarter of 2014.
 

 

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