Access Holdings PLC has announced that its main subsidiary, Access Bank Plc, has successfully completed the acquisition of Standard Chartered Bank Angola S.A. and Standard Chartered Bank (Sierra Leone) Limited.
This update was published on the NGX disclosure page and signed by the company secretary, Sunday Ekwochi, on November 27, 2024.
The announcement follows an earlier statement from July 14, 2023, in which Access Holdings Plc disclosed that Access Bank Plc had reached an agreement to acquire several of Standard Chartered’s sub-Saharan African subsidiaries.
A year after announcing its plans, Access Holdings Plc has confirmed the completion of this significant acquisition, stating:
“Access Holdings Plc is pleased to announce that its flagship subsidiary, Access Bank Plc, has completed the acquisition of Standard Chartered Bank Angola S.A. and Standard Chartered Bank (Sierra Leone) Limited.”
In addition, the company announced that it is working to finalize the acquisition of…