Lagos - First City Monument Bank (FCMB) has sold its 96 percent shareholding in Fin Insurance to African Capital Alliance (ACA), following the bank’s transition into a holding company.
ACA is the largest shareholder of Cornerstone Insurance Plc and a core investor in Union Bank of Nigeria Plc, reports The Nation.
With the buyout, Fin Insurance will now operate as a Cornerstone subsidiary.
Read more at The Nation
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