Access Bank completes divestment from pension custody business

Adebayo Obajemu

Access Holdings Plc has notified the Nigerian Exchange and the investing public that its subsidiary, Access Bank Plc, has completed the divestment of its entire equity interest in Access Pension Fund Custodian Limited to First Pension Custodian Limited, a subsidiary of First Bank Nigeria Limited.

The transaction has received the full approvals of the relevant regulatory agencies and the deal concluded.