Access Bank to acquire Standard Chartered's subsidiaries in Sub Saharan Africa
Africa Business Communities
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Access Bank has acquired four subsidiaries of Standard Chartered Bank in Angola, Cameroon, The Gambia, and Sierra Leone
Access Bank Plc and Standard Chartered Bank have entered into agreements for the acquisition of Standard Chartered’s shareholding in its subsidiaries in Angola, Cameroon, The Gambia, and Sierra Leone, and its Consumer, Private & Business Banking business in Tanzania.
Standard Chartered Bank and Access Bank Plc (Access) have entered into agreements for the sale of Standard Chartered’s shareholding
The agreement with Access for the sale of the bank’s business in Sub-Saharan Africa is in line with Standard Chartered’s global strategy