First HoldCo Plc has completed the sale of its entire stake in FBNQuest Merchant Bank Limited, bringing a significant restructuring move within the group to a close.
In a notice filed with the Nigerian Exchange Limited (NGX), the company confirmed that it had finalised the divestment of its 100 per cent ownership in the merchant banking subsidiary to EverQuest Acquisition LLP.
Abiola Baruwa, Group Company Secretary in a signed statement said, the transaction was finalized after obtaining all necessary regulatory approvals from the Central Bank of Nigeria.
NOTIFICATION OF COMPLETION OF SALE OF FBNQUEST MERCHANT BANK LIMITED
In line with the Nigerian Exchange Limited (NGX) Rulebook, we wish to inform NGX and the investing public that First HoldCo Plc has successfully completed the full divestment of its 100% ownership in FBNQuest Merchant Bank Limited to EverQuest Acquisition LLP.
This transaction has been finalized after obtaining all necessary regulatory approvals from the Central Bank of Nigeria.
