Sunday, 18 June 2017

SIGMA GOFT-RIVERBANK CONSORTIUM COMPLETES ACQUISITION OF KEYSTONE BANK

keystone bank
SIGMA GOLF NIGERIA LIMITED
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.