fbpx
[ MAIN ]BANKING & FINANCENEWS

Skye Bank Signs SPA With AMCON, Pays 20% Of Mainstreet Bank’s Bid price

Skye Bank Plc has signed a Share Purchase Agreement (SPA) with the Asset Management Corporation of Nigeria (AMCON), following agreement for its acquisition of 100 per cent shares of Mainstreet Bank Limited.

Aside signing the pact, the bank is said have also paid the mandatory deposit of 20 per cent for the acquisition of Mainstreet Bank.

Skye Bank’s executive management team led by its Group Managing Director/Chief Executive Officer, Mr. Timothy Oguntayo, signed on behalf of the bank, while AMCON was represented by its executive management.

About Author

BWN
This is BizWatchNigeria. Nigeria's first online business Newspaper.

Comment here

This site uses Akismet to reduce spam. Learn how your comment data is processed.