Access Bank to acquire Standard Chartered subsidiaries in Angola, Cameroon, two other countries

Standard Chartered has agreed to sell its subsidiaries in Angola, Cameroon, Gambia and Sierra Leone to Access Bank, the subsidiary of Access Holdings.

The deal between Access Bank and Standard Chartered will enable the Nigerian financial institution to bridge the gap between cross-border and domestic transfers across all business segments.

The agreement was disclosed in a corporate filing Access Holdings sent to the capital market authority, Nigerian Exchange Limited (NGX), on Friday.

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