Showing posts with label HISL. Show all posts
Showing posts with label HISL. Show all posts

Thursday, 27 November 2014

AMCON Completes Sale of Enterprise Bank to Heritage Bank



The Asset Management Corporation of Nigeria (AMCON) yesterday announced the successful completion of the sale of the entire issued and fully paid up ordinary shares of Enterprise Bank Limited to HBCL Investment Services Limited (HISL) for a consideration of N56.1 billion.
The transaction, according to AMCON, was structured as a broad public auction process which attracted interest from multiple domestic and international bidders, with HISL emerging as the preferred bidder.
It reiterated that