By Moses Omovevah
Fidelity Bank Plc has announced the completion of the acquisition of a 100% stake in Union Bank Plc.
This was disclosed in a statement signed by the CEO of Fidelity Bank, Mrs Nneka Onyeali-Ikpe, sent to Nigeria Exchange Limited (NGX).
The statement read in part; “Fidelity Bank Plc has announced the completion of the acquisition of a 100% stake in Union Bank Plc.
“Fidelity Bank had disclosed that following the completion of the acquisition of Union Bank UK, it would expand into 5 African countries via acquisition.
“The strategy is for us to move our footprint outside Nigeria and be able to compete favourably with our peers. In the next three years, we should be able to be in six countries by doing at least two every year.”
