Banking Industry – Union Bank Plc confirmed it sold its UK subsidiary, Union Bank UK for a cash consideration of N8 billion only . This is according to the information contained in its financial statements for the period ending December 2022.
The bank sold the subsidiary to local competitor, Fidelity Bank in May 2022..
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Fri Apr 25 2025 12:41:27 GMT+0000 (Coordinated Universal Time)
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Union Bank Plc reportedly sold its UK subsidiary to Fidelity Bank for a cash consideration of N8 billion only
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Published (Updated) on Tuesday, April 25, 2023
• US imposes 14 percent tariff on Nigeria • Amazon wants to buy TikTok • Asia-Pacific markets slide after Trump's tariff, and more - Thursday 03/April/2025 Business News Headlines
• Vaccine stocks fall • Apple faces $162 million fine • BoE plans to raise deposit guarantee, and more - Monday 31/March/2025 Top Business Headlines
• China invites U.S. business leaders • Alibaba to support Nigerian exporters • US farmers express dismay, and more - Wednesday 26/March/2025 Top Business Headlines
• Copper price hits $10,000 • Nigerian Naira becoming the most unpredictable currency • Trump imposes sanctions on China, and more - Monday 24/March/2025 Top Business Headlines
• Ex Rivers State Governor Nyesom Wike (Now FCT Minister) Receives Godswill Akpabio the Senate President of Nigeria at His Residence in Abuja on Tuesday 18th, March 2025 - Photo News
• Nigerian President Bola Tinubu Receives N705 Millionaire Naira Donation from House of Representative Led by Speaker Tajudeen Abbas and Deputy Speaker Benjamin Kalu - Photo News
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