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..
Nairametrics
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
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