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Four local banks shortlisted to buy Enterprise Bank

05 June 2014, 16:05

Lagos - Efforts by non-banking institutions  to buy 100 per cent of Enterprise  Bank Limited which  has been put up for sale has been dashed as the Asset Management Corporation of Nigeria (AMCON) is said to be favourably disposed to selling the nationalised lender to a conventional bank.

The corporation, through its financial advisers in the sale of the bank, has only shortlisted seven banks out of the 18 investment groups that signified to take over the bank, reports New Telegraph.

Out of the seven shortlisted banks, four are local banks. They are Sterling Bank, Fidelity Bank, Skye Bank and Heritage Bank.

The list is expected to be pruned to three- the preferred bidder and two reserve bidders.

Read more at New Telegraph.

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