Fidelity Bank Plc has announced the completion of the acquisition of a 100% stake in Union Bank Plc.
This was disclosed via a press release statement sent to Nigeria Exchange Limited (NGX)
Fidelity Bank had disclosed that following the completion of the acquisition of Union Bank UK, it would expand into 5 African countries via acquisition.
CEO of Fidelity Bank, Mrs Nneka Onyeali-Ikpe said:“The strategy is for us to move our footprint outside Nigeria and be able to compete favourably with our peers. In the next three years, we should be able to be in six countries by doing at least two every year.”
