Access Holdings Plc acquires majority stake in Mauritius’ fourth-largest bank, Afrasia

Access Holdings Plc has announced that its banking subsidiary, The Access Bank UK Limited, has entered into a binding agreement to acquire a majority equity stake in Afrasia Bank Limited, the Republic of Mauritius’ fourth-largest bank by total assets.
The announcement was detailed in a disclosure statement published on the Nigerian Exchange (NGX) platform and signed by the company’s secretary, Sunday Ekwochi, on November 14, 2024.
According to the disclosure, the transaction represents a transformational step forward for Access UK and the overall Access Holdings’ banking franchise, leveraging the robust financial services sector of Mauritius.

Source: nairametrics.com

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