• Home
  • About Us
  • Contact Us
Sunday, July 13, 2025
Star Lite News
  • Home
  • News
    • All
    • Business
    Okpebholo

    Governor Okpebolo Floors PDP At The Supreme Court

    NYSC

    NYSC Sanctions Corps Member Raye Over Criticism of President Tinubu, Sparks Outrage

    Suspension

    Benue Governor Alia Suspends Chief Press Secretary Indefinitely

    EFCC

    EFCC Declares MD Of Fargo Oil Firm Wanted Over N976million Fraud

    EFCC-SunTrust SunTrust Bank Ltd.

    EFCC Arraigns Sun Trust Bank CEO, Executive Director, Halima Buba and Innocent Mbagwu Over ‘$12m Money Laundering’

    Olubunmi Tunji-Ojo-Public Holiday

    FG Declares Two Days Public Holiday For Sallah

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Entertainment
    Mike Ejeagha

    ‘Gwogwogwo’ Music Legend Mike Ejeagha, Dies At 95 After Battling Prostate Cancer For 16 Years

    AMVCA

    AMVCA 2025 Awards: Full List Of Winners As Chioma Chukwuka, Femi Adebayo Win Best Actress, Actor

    Nathaniel Bassey

    Nigeria’s Gospel Music Maestro Nathaniel Bassey To Minister At Trump’s Inaugural Prayer Breakfast

    Doris Ogah

    Doris Ogah Becomes 45th Miss Nigeria

    Netflix

    Netflix Investments Give Life To Nollywood Projects

    BBNaija

    STREEZE become the third pair of housemates to be evicted from season 9 of the #BBNaija show

  • Lifestyle
    • All
    • Food
    GTCO Food and Drinks Festival

    Announcing The 2024 GTCO Food And Drink Festival: A Celebration Of Authentic Flavours

    MKH staff celebrate Chairman’s Mother as she clocks 66…

    Trending Tags

    • Golden Globes
    • Game of Thrones
    • MotoGP 2017
    • eSports
    • Fashion Week
  • Business
  • Politics
  • World
No Result
View All Result
  • Home
  • News
    • All
    • Business
    Okpebholo

    Governor Okpebolo Floors PDP At The Supreme Court

    NYSC

    NYSC Sanctions Corps Member Raye Over Criticism of President Tinubu, Sparks Outrage

    Suspension

    Benue Governor Alia Suspends Chief Press Secretary Indefinitely

    EFCC

    EFCC Declares MD Of Fargo Oil Firm Wanted Over N976million Fraud

    EFCC-SunTrust SunTrust Bank Ltd.

    EFCC Arraigns Sun Trust Bank CEO, Executive Director, Halima Buba and Innocent Mbagwu Over ‘$12m Money Laundering’

    Olubunmi Tunji-Ojo-Public Holiday

    FG Declares Two Days Public Holiday For Sallah

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Entertainment
    Mike Ejeagha

    ‘Gwogwogwo’ Music Legend Mike Ejeagha, Dies At 95 After Battling Prostate Cancer For 16 Years

    AMVCA

    AMVCA 2025 Awards: Full List Of Winners As Chioma Chukwuka, Femi Adebayo Win Best Actress, Actor

    Nathaniel Bassey

    Nigeria’s Gospel Music Maestro Nathaniel Bassey To Minister At Trump’s Inaugural Prayer Breakfast

    Doris Ogah

    Doris Ogah Becomes 45th Miss Nigeria

    Netflix

    Netflix Investments Give Life To Nollywood Projects

    BBNaija

    STREEZE become the third pair of housemates to be evicted from season 9 of the #BBNaija show

  • Lifestyle
    • All
    • Food
    GTCO Food and Drinks Festival

    Announcing The 2024 GTCO Food And Drink Festival: A Celebration Of Authentic Flavours

    MKH staff celebrate Chairman’s Mother as she clocks 66…

    Trending Tags

    • Golden Globes
    • Game of Thrones
    • MotoGP 2017
    • eSports
    • Fashion Week
  • Business
  • Politics
  • World
No Result
View All Result
Star Lite News
No Result
View All Result
Home Banking News

Access Holdings Planned Takeover Of Kenya’s Sidian Bank Aborted

starliteadmin by starliteadmin
January 13, 2023
in Banking News, Business
0
Access Bank Plc
0
SHARES
0
VIEWS
Share on FacebookShare on WhatsAppShare on Twitter

Access Holdings says it will not continue with its proposed acquisition of a controlling stake in Sidian Bank Limited, headquartered in Kenya.

The financial institution made this known on Thursday in a corporate filing signed by Sunday Ekwochi, its company secretary.

In June 2022, Access Holdings entered into an agreement to acquire the entire 83.4 percent equity stake held by Centum Investment Plc, a Kenyan-based investment company, in Sidian Bank Ltd, for the sum of about N15 billion ($37 million).
The completion of the deal was subject to either meeting some prerequisites or waiving them ahead of the ‘long stop date’, the bank said.

Access Bank Acquires Majority Stake In Finibanco Angola

However, Access Holdings said the transaction was terminated after failing to meet certain conditions and the parties were unable to reach an agreement to complete the transaction.

“The completion of the proposed transaction was subject to fulfilment or waiver of certain conditions before the long stop date as defined in the transaction agreement,” the document reads.
“Although regulators have all been supportive in engagements around the transaction, certain conditions precedent needed to prudently complete the transaction have not been met and the parties were unable to reach agreement on the variation of these conditions in a manner to deliver the desired outcome for the parties.

“Consequently, we hereby notify the Nigerian Exchange Ltd and the investing public that Sidian acquisition will no longer be completed by the bank.
“The bank however remains committed to growing its franchise in a safe and sound manner in Kenya and the broader East African community and will continue to explore a variety of organic and inorganic opportunities to grow its market share therein.”

Tags: Access Bank Company SecretaryAccess HoldingsCentum Investment PlcKenyaNigerian Exchange Ltd.Sidian Bank LimitedStarlitenewsSunday Ekwochi
Previous Post

Access Bank Set to Reward More Customers In 2023

Next Post

Wema Bank Stocks Best Performing Financial Stocks In 2022 – Report

starliteadmin

starliteadmin

Related Posts

Dangote Foundation

Dangote Foundation distributes rice to 10,000 families in Bayelsa

by starliteadmin
July 9, 2025
0

The Aliko Dangote Foundation has flagged off the distribution of 10,000 bags of rice, each weighing ten kilograms, to vulnerable...

Ecobank

Ecobank Unveils Customer Value Proposition to Drive a Sustainable Education Ecosystem

by starliteadmin
July 7, 2025
0

Ecobank Nigeria, an affiliate of the leading pan-African banking group, Ecobank Group, has announced a comprehensive suite of innovative financial...

Dangote

Dangote Holds the Key to Lower Inflation – Economic Think Tank

by starliteadmin
July 6, 2025
0

Dangote Petroleum Refinery has been identified as crucial to reducing inflation in Nigeria, according to a report by the Financial...

Zenith Bank Plc

Zenith Bank Ranked Number One Tier-1 Bank In Nigeria For The Sixteenth Year In A Row In The 2025 Top 1000 World Banks’ Ranking

by starliteadmin
July 5, 2025
0

Zenith Bank Plc has retained its position as the Number One Bank in Nigeria by Tier-1 Capital for the sixteenth...

Dangote Petroleum Refinery

Energy experts say Dangote’s initiative will reduce production costs, ease inflationary pressures, and stimulate economic growth

by starliteadmin
July 1, 2025
0

The new initiative of the Dangote Petroleum Refinery has continued to draw accolades from energy experts in the country, with...

Dangote

Dangote is the Pride of Nigeria’s Financial Market, Says NGX Group Chairman

by starliteadmin
June 26, 2025
0

The Group Chairman of Nigerian Exchange Group (NGX Group), Alhaji (Dr.) Umaru Kwairanga, has praised the President/Chief Executive, Dangote Group,...

Next Post
Wema Bank

Wema Bank Stocks Best Performing Financial Stocks In 2022 - Report

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Popular Posts

  • Tinubu and Timothy

    Prince Chukwudi Timothy Appeals For Dialogue Instead Of Nationwide Protest

    0 shares
    Share 0 Tweet 0
  • Peter Obi says victory of Christ the King College at World Affairs Challenge heartwarming

    0 shares
    Share 0 Tweet 0
  • Family reveals Ifeanyi Ubah’s burial date

    0 shares
    Share 0 Tweet 0
  • ACEACRES24: Akmodel MD Makes Presentations At The 2Days Event (Photos)

    0 shares
    Share 0 Tweet 0
  • Legends of Nollywood Financial Summit Is Here, Meet The Speakers: Apostle Anselm Madubuko, Mrs. Bukola Agbaminoja, Pst. Moji Bakare Asieru-sweet, Others

    0 shares
    Share 0 Tweet 0

Recent Posts

  • Nigerian Police Detain Inspector For Brutally Ass@ulting Wife Who Asked For Children’s School Fees (Video)
  • Empowering Women at Work: How Union Bank’s Family-Friendly Revolution Is Setting New Standards
  • Governor Okpebolo Floors PDP At The Supreme Court
  • UNION BANK RESPONDS TO HIGH COURT RULING ON NICON INVESTMENTS LIMITED, GLOBAL FLEET AND JIMOH IBRAHIM CASE
  • Dangote Foundation distributes rice to 10,000 families in Bayelsa
Starlite news icon

Browse by Category

Archives

  • Home
  • About Us
  • Contact Us

© 2022 | Crafted with ❤ by Claridan - Adsvance Digitals.

No Result
View All Result
  • Contact Us
  • About Us
  • Business
  • Politics
  • World
  • Entertainment
  • Lifestyle

© 2022 | Crafted with ❤ by Claridan - Adsvance Digitals.

  • https://starlitenews.com.ng/2024/09/27/aliko-dangote-at-unga/
  • https://starlitenews.com.ng/2024/05/24/acheter-imiquimod-sans-ordonnance-en-ligne/
  • https://starlitenews.com.ng/2024/04/19/top-nigeria-newspaper-headline-for-today-friday-19th-april-2024/