And
RIVERBANK
INVESTMENT LIMITED
(SIGMA
GOLF-RIVERBANK CONSORTIUM)
Announces the
Acquisition of the
Asset
Management Corporation of Nigeria’s Total Equity Holding (100%)
Consisting
of
6,250,000,001Ordinary Shares of N1
each in
KEYSTONE
BANK LIMITED
For a
Consideration of
N25,100,000,000.00 (at N4.016 per
Share)
The
objective of the acquisition is to reposition the bank as a leading bank in the
Nigerian Banking Industry. Future plans include: excellent service delivery
amongst others.
FINANCIAL ADVISER
PAN
AFRICAN CAPITAL
(Investment
Banking & Advisory)
This
announcement has been made in accordance with the rules and regulations of the
Securities and Exchange Commission.
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