July 12, 2023
Lagos, Nigeria
COMPLETION OF ACQUISITION OF MAJORITY EQUITY STAKE IN ANGOLAN-BASED FINIBANCO S.A BY OUR BANKING SUBSIDIARY
Further to our announcement on May 2, 2023, on the above subject, Access Holdings Pic (‘Access Holdings’) is pleased to announce the completion of the acquisition of a majority equity stake in Finibanco Angola S.A, by its flagship subsidiary, Access Bank Pic (‘the Bank’).
Speaking on the transaction, Dr. Herbert Wigwe, the Group Chief Executive of Access Holdings said:
In anticipation of the completion of the transaction, the Bank has made excellent progress in integration planning. Our plan is to leverage our expansive distribution network, best-in-class technology, risk, and governance practices to serve high-growth businesses and the rising consumer sector in Angola.
We will act as a positive catalyst to foster greater innovation and promote the deepening of the financial sector in Angola in line with our strategic growth objectives in the broader South Africa Development Community while delivering value to our stakeholders.
For: ACCESS HOLDINGS PLC
SUNDAY EKWOCHI
GROUP COMPANY SECRETARY
