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Tuesday, June 6, 2023

Access Bank in Discussions to Acquire Zambia Cavmont Bank

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Access Bank has announced that its wholly owned subsidiary in Zambia, Access Bank Zambia Limited has entered into exclusive discussions with Cavmont Capital Holdings Zambia Plc regarding a potential transaction between Access Bank Zambia and Cavmont Bank Limited.

The potential transaction relates to the sale of 100 percent of Cavmont Capitals interest in Cavmont Bank to Access Bank Zambia.

Access Bank said in the notice filed on the Nigerian Stock Exchange (NSE) that there can be no certainty that a transaction will be agreed and that the completion of a transaction is subject to formal regulatory approvals.

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