Nigeria's Skye Bank Plc Wins Bid for AMCON's Sale of Mainstreet Bank

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 Monday, October 06, 2014 4:35 PM

 

Lagos, Nigeria, October 6, 2014 – Skye Bank Plc, one of the fastest growing tier 2 Nigerian Banks, with $7.1 billion in total assets, has been named the preferred bidder for the acquisition of 100% equity stake in Mainstreet Bank, being sold by the Asset Management Corporation of Nigeria (AMCON).

 

Leading Nigerian Investment Banking firm, Greenwich Trust Limited, was the financial adviser to the transaction.

 

With this development, the bank is set to become one of the key players in Nigeria’s Banking industry.

 

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