Truth & justice

FBN Holdings Plc Reacts To Merger Speculations

 FBN Holdings Plc has issued a statement in reaction to a media publication, yesterday, which suggested that there are ongoing merger talks between its main subsidiary — First Bank of Nigeria Ltd, and Polaris Bank Ltd.In the statement, which was made available via the Nigerian Stock Exchange website, FBN Holdings admitted that it has recently been presented with merger and acquisition opportunities, much like every other commercial bank in the country.The company also noted that it understands why analysts are speculating that it might currently be involved in merger and acquisition talks, bearing in mind that First Bank is one of the biggest and most liquid banks in the country.

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