Access Holdings Plc has announced the completion of acquisition of indirect equity stake in Sigma and the merger of its subsidiary, First Guaranty Pension Limited with Sigma.
Following the sanction of the scheme of merger between Sigma and First Guaranty Pension Limited by the Federal High Court on December 1, 2022, First Guaranty Pension Limited has been dissolved without winding up, leaving Sigma as the surviving entity.
Commenting on this landmark transaction, Dr Herbert Wigwe, Group Chief Executive of the Corporation stated thus:
Following the successful completion of the merger, our plan is to leverage the synergies of these entities, as well as the Corporation’s expansive distribution network, strong risk management culture, best-in-class governance standards to create a formidable pension funds administration business.
