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Mergers & Acquisitions | |
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Wednesday, July 08, 2020 / 4:40 PM / NSE / Header Image Credit: Nonprofit Hub/ Ecographics
Access Bank Plc ("Access Bank") announces today
that its wholly owned subsidiary in Zambia, Access Bank Zambia Limited ("Access
Bank Zambia") has entered into exclusive discussions with Cavmont Capital
Holdings Zambia Plc ("Cavmont Capital") regarding a potential transaction
between Access Bank Zambia and Cavmont Bank Limited ("Cavmont Bank"), a wholly
owned subsidiary of Cavmont Capital. The potential transaction relates to the
sale of 100% of Cavmont Capital's interest in Cavmont Bank to Access Bank
Zambia.
There can be no certainty that a transaction will
be agreed, nor as to the terms of any such agreement. The completion of a
transaction would be subject to formal regulatory approvals. Access Bank will
update the market as appropriate and in accordance with its' disclosure
obligations.
Accordingly, shareholders are advised to exercise
caution when dealing in Access Banks securities until a full announcement is
made.
Visit Access Bank Plc IR Page in Proshare MARKETS
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