Access Holdings Limited has informed the public and the Nigerian Exchange that its subsidiary, Access Bank Limited, is acquiring a 100% stake in South Africa’s Bidvest Bank.
This comes two days after Access Holdings announced that Access Bank UK has established its first fully owned subsidiary in Malta to strengthen trade ties between Europe and Africa.
On 12th December 2024, Access Holdings announced that its banking subsidiary had reached an agreement with South Africa’s Bidvest Group Limited to acquire Bidvest Bank.
The deal, which remains subject to regulatory approvals, is expected to be finalized in the second half of 2025.
The group highlighted the importance of the acquisition, stating it aligns with its vision to position Access Bank as a gateway to global markets and strengthen its presence in South Africa.
According to the statement:
“This agreement reflects the Bank’s commitment to strengthening its footprint in South Africa and consolidating its position as the…