ZENITHBANK and UBN Both Refute Media Reports Suggesting a Proposed Acquisition

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Tuesday, March 17, 2020 03:43PM / by NSE / Header Image Credit: Video Hive


Today, Zenith Bank Plc noted a certain recent internet and social media reports suggesting a proposed acquisition of Union Bank Plc by the bank. It states further categorically that Zenith Bank Plc has not made any binding offer to acquire any financial institution.


In similar vein, Union Bank Plc also announced that its attention has been drawn to a recent online speculation suggesting an agreement with Zenith Bank Plc to acquire Union Bank.

 

Union Bank states that there is no such agreement and no binding offer has been made by anyone to either its shareholders or the Board of Directors of Union Bank.

 

Visit Zenith Bank  Plc IR Page in Proshare MARKETS 

Graph - One Year Share Price Movement - Zenith Bank

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Table: 2019 Audited Results - Zenith Bank

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Visit Union Bank  Plc IR Page in Proshare MARKETS 

Graph - One Year Share Price Movement - Union Bank Plc

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Table: Audited 2019 Results - Union Bank Plc

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 Appendix

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Related News - Union Bank Plc

1.            UBN Declares N19.9bn PAT in 2019 Audited Results Proposes N0.25k Final Div. (SP:N6.85K)

2.           UBN Notifies of Board Meeting To Approve 2019 Audited Accounts and Commencement of Closed Period

3.           UBN Announces Planned Divestment of its UK Subsidiary

4.           UBN Notifies of Issuance of Up to N20 Billion in Series 3 and 4 Commercial Paper

5.           UBN Declares N15.19bn PAT in Q3 2019 Results,(SP:N7.05K)

6.           UBN Holds Board Meeting For Approval Of Q3 2019 Unaudited Accounts And Commencement Of Closed Period

7.           UBN Announces The Retirement Of Mr. Richard Kramer As A Non-Executive Director

8.           UBN Declares N11.85bn PAT in Q2 2019 Results,(SP:N6.85K)

9.           Explanatory Statement By UBN On The Proposed Reduction Of Share Premium Account

 

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