Sterling Bank Plc and Equitorial Trust Bank Limited Receive Shareholders’ Approval for Business Combination
At respective court-ordered meetings held today in Lagos, shareholders of Sterling Bank Plc (“SBP”) and Equitorial Trust Bank Limited (“ETB”) approved the combination of both financial institutions. The shareholders’ consent marks the culmination of exclusive talks, which were first disclosed last month after the formal signing of a transaction implementation agreement (TIA). The deal, whose […]
Yemi Odubiyi, Chief Strategist at Sterling Bank, discusses Acquisition of Equitorial Trust Bank on CNBC Africa
In this interview with Wole Famurewa of CNBC Africa, Yemi Odubiyi, Chief Strategist at Sterling Bank Plc, discusses the bank’s recent decision to issue 3 billion new shares as part of its acquisition payment for privately-held Equitorial Trust Bank.
