Fidelity Bank seals pact to buy Union Bank UK

 Fidelity Bank has agreed to take over the UK unit of Nigeria’s second oldest lender, Union Bank, the previous stated Tuesday.

It’s the newest section within the practice of divestments by the latter which, starting late final 12 months, noticed Union Bank offload 90 per cent of its shareholding to a brand new proprietor, Titan Belief.

Fidelity Bank can be buying Union Bank UK 100 per cent if the deal goes by, in accordance to a binding settlement between the 2, printed by the Nigerian Trade, seen by PREMIUM TIMES.

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