Fidelity Bank Plc to Acquire Union Bank UK
August 30, 2022
Fidelity Bank Plc has entered into a binding agreement to acquire 100% of Union Bank United Kingdom Limited (Union Bank UK), subject to approval from the UK Prudential Regulation Authority. The Central Bank of Nigeria has issued a letter of no objection; the deal represents Fidelity's first international expansion to broaden its trade and diaspora banking services.
- Buyers
- Fidelity Bank Plc
- Targets
- Union Bank United Kingdom Limited (Union Bank UK PLC)
- Sellers
- Union Bank of Nigeria Plc
- Industry
- Financial Services
- Location
- United Kingdom
- Transaction Type
- Buyout
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