One of Nigeria’s oldest and well-respected banks, Union Bank is set to be acquired by Titan Trust Bank, a two-year-old bank with a balance sheet far less than its target.
As reported by Nairametrics, the acquisition is via an offer for sale that will see the majority owners of Union Bank Plc, divest their entire holdings said to be around 90% to Titan Trust Bank.
We recently published an exclusive revealing the people behind Titan Trust Bank, their shareholders and related parties. In continuation of our deep dive into what is shaping up to be a landmark deal in 2021.
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