Access, Zenith Plan To Acquire Union Bank

Two Nigerian banks, Access Bank Plc and Zenith Bank Plc, have been mentioned among banking institutions in the African and Middle East space that have showed interest in the acquisition of Union Bank Plc.

Union Bank is of those many properties linked to Atlas Mara Group, a Pan-African banking group.

In a report by Bloomberg, it was disclosed that Atlas Mara Limited has received a number of proposals for it’s 49.97 per cent holding in Union Bank of Nigeria.

The report listed Access and Zenith Bank as one of the top bidders who showed interest in the bank alongside Morocco’s Attijariwafa Bank.