FBN Holdings Plc, the parent company of First Bank Nigeria, has announced its intention to divest its 100% equity stake in FBNQuest Merchant Limited. This strategic move aligns with the company’s broader goal of optimizing its portfolio.
After a competitive bidding process, EverQuest Acquisition LLP (comprised of Custodian Investments Plc, Aion Investment, and Evercorp Industries) emerged as the preferred bidder. The sale is contingent upon obtaining necessary approvals from regulatory bodies.
Source: FBN Holdings Plc divests from FBNQuest Merchant Bank Limited – StocksWatch (stocksng.com)
