FBN Holdings has disclosed that it is divesting its 100 percent equity stake in its wholly owned subsidiary, FBNQuest Merchant Bank Limited.
The sale is in alignment with Holdco’s strategy to optimize its portfolio within the Group.
According to a statement from the Company released on the Nigerian Exchange Limited, “Following a competitive bid process, EverQuest Acquisition LLP (comprising Custodian Investments Plc, Aion Investments and Evercorp Industries) was selected as the preferred bidder.
The Acting Company Secretary, Adewale Arogundade, said the completion of the sale is subject to approvals from the relevant regulatory authorities.
FBNQuest Merchant Bank (formerly known as Kakawa Discount House) licensed by the Central Bank of Nigeria is a leading corporate and investment banking house, delivering high-end financial products and services to clients in targeted sectors of the economy.
The sale is in alignment with Holdco’s strategy to optimize its portfolio within the Group.
According to a statement from the Company released on the Nigerian Exchange Limited, “Following a competitive bid process, EverQuest Acquisition LLP (comprising Custodian Investments Plc, Aion Investments and Evercorp Industries) was selected as the preferred bidder.
The Acting Company Secretary, Adewale Arogundade, said the completion of the sale is subject to approvals from the relevant regulatory authorities.
FBNQuest Merchant Bank (formerly known as Kakawa Discount House) licensed by the Central Bank of Nigeria is a leading corporate and investment banking house, delivering high-end financial products and services to clients in targeted sectors of the economy.
