Diamond Bank’s planned Merger & Acquisition with Access Bank is underway. The company shared an email with the media and stakeholders in which they detailed their next steps. Diamond Bank and Access Bank are aiming to create Africa’s largest digital bank with the recently announced merger.
Message From Diamond Bank:
We are delighted to announce that the Board of Diamond Bank has selected Access Bank as he preferred bidder with respect to a potential merger of the two banks that will create Nigeria and Africa’s largest retail bank by customers.
The Board of Diamond Bank believes that the merger is in the best interest of all stakeholders – customers, shareholders and employees – and has agreed to recommend the offer to Diamond Bank’s shareholders. The completion of the merger is subject to certain shareholder and regulatory approvals.
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