Access Holdings completes acquisition of Sigma Pension, merges Sigma and First Guaranty Pension Limited

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.

Source: Access Holdings completes acquisition of Sigma Pension, merges Sigma and First Guaranty Pension Limited – StocksWatch (stocksng.com)

Related Posts

25

May
Business & Economy

Stock Market Review: May 25, 2023

The stock market on Wednesday closed on a positive note with 0.58% growth. The All Share Index and Market Capitalisation stands at 52,927.60 points and 28.819 trillion respectively. In a stock market review with Gilbert Ayoola, a capital market expert, the following were discussed: Excerpts: The monetary policy committee of CBN has increased MPR to 18.5%. How will this […]

25

May
Business & Economy

Oando kicks-off Sustainable Transport Initiative in Lagos State with launch of Electric-Mass Transit buses

Oando Clean Energy Limited (OCEL) has achieved a groundbreaking milestone with the launch of the first phase of its Sustainable Transport Initiative for Lagos State. The initiative will see OCEL introducing electric buses to LAMATA’s current fleet of buses. The endeavor aims to support the transformation of the State’s public transport system through the development and deployment[…]