First Pension Custodian (FPC) has announced that it has completed the acquisition of Access Pension Custodian. This was disclosed in a Press release signed by the acting company secretary Adewale L.O Arogundade.
Press release by FBN Holdings Plc
NOTIFICATION OF COMPLETION OF THE ACQUISITION OF ACCESS PENSION FUND CUSTODIAN LIMITED BY FIRST PENSION CUSTODIAN NIGERIA LIMITED
FBN Holdings Plc (“FBNH” or “the Company”) is pleased to inform Nigerian Exchange Limited (“NGX” or “the Exchange”) and the investing public that First Pension Custodian Nigeria Limited (“First Pension”), a subsidiary of FBNH’s flagship’ subsidiary, First Bank of Nigeria Limited (“FirstBank”), has completed the acquisition of 100% of the share capital of Access Pension Fund Custodian Limited from Access Bank Plc, having obtained the requisite regulatory approvals.
The transaction has the “no objection” of the Central Bank of Nigeria as well as the approvals of the National Pension Commission (PenCom) and the Federal Competition and Consumer Protection Commission.
The transaction is in line with First Pension’s growth strategy and advances its mission to be the ‘custodian of first choice’, and leading pension custodian in sub-Saharan Africa.
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