Lagos - After a fierce contest spanning almost a year for the acquisition of Enterprise Bank Limited, Heritage Bank Limited has emerged the preferred bidder for the commercial bank, reports BusinesDay
The bank came tops among the five banks shortlisted by Asset Management Company ( AMCON) for the final round of the bidding process.
Also read : Fidelity, Skye, Heritage jostle to aquire Enterprise Bank
The bank is expected to sign the Share Purchase Agreement (SPA with AMCON at a date to be announced later.
Should Heritage Bank fail to meet the payment terms, Fidelity Bank will take its place as the preferred bidder.
Read more at BusinesDay
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