Proposed Aquisition of Majority Equity Stake in Ugandan-Based Finance Trust Bank Limited by Our Flagship Subsidiary, Access Bank Plc.

23 Jan 2024
Proposed Aquisition of Majority Equity Stake in Ugandan-Based Finance Trust Bank Limited by Our Flagship Subsidiary, Access Bank Plc.

Lagos, 17 January 2024: Access Holding Plc ("Access Holdings") is pleased to announce that its flagship subsidiary, Access Bank Plc("the Bank or Access Bank") has entered into a definitive agreement with the Ugandan-based Finance Trust Limited ("Finance Trust Bank" or "FTB") and its Selling Institutional Shareholders ("FTB Selling Shareholders")for the acquisition of a majority equity stake in FTB ("The Transaction")

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Thank you for your trust and support. ACCESS HOLDINGS PLC SECURES FULL REGULATORY APPROVALS OF ITS RECENTLY CLOSED RIGHTS ISSUE OF ORDINARY ACCESS BANK PLC SIGNS AGREEMENT TO ACQUIRE 100% EQUITY STAKE IN SOUTH AFRICAN-BASED BIDVEST BANK THE ACCESS BANK UK LIMITED EXPANDS INTERNATIONAL PRESENCE WITH LAUNCH OF THE ACCESS BANK MALTA LIMITED TO STRENGTHEN EUROPE-AFRICA TRADE TIES ACCESS BANK PLC COMPLETES THE ACQUISITION OF STANDARD CHARTERED BANK ANGOLA S.A AND STANDARD CHARTERED BANK [SIERRA LEONE] LIMITED