Access Bank Plc – Acquisition Of Controlling Equity Interest In Transnational Bank Kenya Plc
The Board of Access Bank Plc (“the Bank”) in pursuance of the Bank’s strategic objective of becoming Africa’s Gateway to the World has obtained the Central Bank of Nigeria’s ‘No Objection’ to its proposed acquisition of controlling equity interest in Transnational Bank of Kenya (1-NB’) Plc.
TNB is a medium sized commercial bank with a great focus on the agricultural sector.
The transaction requires the approvals of the Kenyan regulatory authorities and COMESA Competition Commission which are being awaited.
We shall provide the market with further information in due course.