Friday, 12 September 2014

Heritage wins bid for Enterprise Bank



Sekibo
The Asset Management Corporation of Nigeria on Thursday announced Heritage Bank-sponsored HBSL Investment Services Limited as the preferred bidder for Enterprise Bank.
This came over a year after AMCON began the sale process of the nationalised bank. The PUNCH had on Thursday exclusively reported that Skye Bank, Fidelity Bank and Heritage Bank were in keen contest to buy the bank.
Enterprise Bank is one of the three nationalised banks created after the 2009 banking crisis, which saw the nationalisation of Afribank Plc, Bank PHB Plc and Spring Bank Plc.
The three bridge banks created from the failed banks are Enterprise Bank, Mainstreet Bank and Keystone Bank.
A statement by AMCON confirming the result said Heritage Bank emerged the preferred bidder, while Fidelity Bank was the reserve bidder.
The statement signed by the Head, Corporate Communications, Mr. Kayode Lambo, said, “The Asset Management Corporation of Nigeria is pleased to announce HBCL Investment Services Limited as preferred bidder and Fidelity Bank Plc as reserve bidder for the acquisition of the entire issued and fully paid up ordinary shares of Enterprise Bank Limited. This follows the receipt of the approval of the Board of Directors of AMCON. HISL is sponsored by Heritage Banking Company read more.

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