Access Holdings receives regulatory approval for FGPL acquisition
Access Holdings Plc on Monday said it has received final regulatory approval to acquire majority equity stake in First Guarantee Pension Limited (FGPL).
Company Secretary, Access Holdings , Mr. Sunday Ekwochi, in a statement noted that sequel to its earlier announcement on May 19, 2022, the Holdings has now received full regulatory approval of its acquisition of majority equity stake in FGPL.
Following this development, according to him, FGPL is now a subsidiary of the Corporation and will provide a strong springboard for the Corporation’s execution of its ecosystem strategy for the pension funds administration industry.
Speaking on the development, Group Chief Executive Officer, Access Corporation, Dr. Herbert Wigwe in a statement said : “This transaction is in line with our vision to create a globally connected community and ecosystem inspired by Africa for the world.
“We will deploy our renowned culture of strong risk management, innovative technology and best practice corporate governance to deliver high standards of management and returns on pension assets to the benefit our stakeholders.”
The stock price of Access Holdings closed trading at N8.2 per share on Monday.
