Afrigather FBN Holdings Plc plans to promote its one hundred pc fairness stake in its subsidiary, FBNQuest Service provider Financial institution Restricted, to EverQuest Acquisition LLP.
In a current report, the corporate introduced the sale aligns with its aim to optimise its portfolio.
“In accordance with the Nigerian Change Restricted (NGX) Rulebook, we hereby notify the Nigerian Change Restricted (NGX) and the investing public that FBN Holdings Plc (“the Firm”) has entered right into a Share Sale and Buy Settlement to divest its 100percent fairness stake in its wholly owned subsidiary,” it said.
This announcement, made on Friday, September 7, 2024, by FBN Holdings Plc and signed by its performing Firm Secretary, Adewale Arogundade, is topic to approval from regulatory our bodies.
“Following a aggressive bid course of, EverQuest Acquisition LP (comprising Custodian Investments PLC, Aoin Investments and Evercorp Industries) was chosen as the popular bidder,” the report mentioned.
“The completion of the sale is topic to approvals from the related regulatory authorities,” it mentioned.
