The majority shareholder of Union Bank of Nigeria (UBN) Plc, Titan Trust Bank Limited, has offered N12.18 billion to buy out the minority investors in the commercial bank.
Titan Trust Bank informed Union Bank’s board of its intention to acquire the remaining 1.74 billion shares in the hands of minority investors.
Union Bank disclosed the offer in a statement to shareholders on Monday through the capital market authority, Nigerian Exchange Limited (NGX).
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