Access Bank completes acquisition of Sigma
ACCESS Holdings Plc, has announced the completion of its acquisition of an indirect stake in Sigma and the merger of its subsidiary, First Guarantee Pension Limited (FGPL) with Sigma.
Following the sanction of the Scheme of Merger between Sigma and FGPL by the Federal High Court on December 1, 2022, FGPL was dissolved without leaving Sigma as a surviving entity, according to Access Holdings.
Commenting on the transaction, in a statement sent to the investment community via Nigerian Exchange Limited (NGX), Dr. Herbert Wigwe, Group Managing Director of the company, said:
"Following the success of the merger, our plan is to leverage the synergies of these entities, as well as the Company's extensive distribution network, strong risk management culture and best governance standards to create a formidable pension fund administrative business. »
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ACCESS Holdings Plc, has announced the completion of its acquisition of an indirect stake in Sigma and the merger of its subsidiary, First Guarantee Pension Limited (FGPL) with Sigma.
Following the sanction of the Scheme of Merger between Sigma and FGPL by the Federal High Court on December 1, 2022, FGPL was dissolved without leaving Sigma as a surviving entity, according to Access Holdings.
Commenting on the transaction, in a statement sent to the investment community via Nigerian Exchange Limited (NGX), Dr. Herbert Wigwe, Group Managing Director of the company, said:
"Following the success of the merger, our plan is to leverage the synergies of these entities, as well as the Company's extensive distribution network, strong risk management culture and best governance standards to create a formidable pension fund administrative business. »
READ ALSO IN NIGERIAN TRIBUNE
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