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Friday, June 26, 2020 / 11:55 AM
/ NSE / Header Image Credit: Ecographics
FCMB Group Plc (FCMB Group)
hereby notifies the Nigerian Stock Exchange ("NSE") and the investing public
that its pension management subsidiary, FCMB Pensions Limited ("FCMB Pensions")
has entered into discussions with shareholders of AIICO Pension Managers
Limited ("AIICO Pensions"), to acquire the 70% stake held by AIICO Insurance
Plc and 26% held by some other shareholders in AIICO Pensions. The proposed
acquisition will make AIICO Pensions an indirect subsidiary of FCMB Group Plc.
The proposed transaction is
subject to the approvals of the National Pension Commission and the Federal
Competition and Consumer Protection Commission.
Visit FCMB Group Plc IR Page in Proshare MARKETS
Graph - One Year Share Price Movement
Table: Q1 2020 Unaudited Results
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