Sky Bank Plc has finally acquired the Mainstreet Bank after the conclusion of the signing of share purchase agreements (SPAs) with the Assets Management Corporation of Nigeria (AMCON).
It was reported that Assets Management Corporation of Nigeria (AMCON) announced the full and official acquisition of Mainstreet Bank by the Sky Bank Plc, following a statement signed by its Head, Corporate Communications Strategy and Research, Mr. Kayode Lambo.
Sky Bank was chosen as the preferred bidder and was thereby issued the legal power to own the Mainstreet Bank henceforth, as all ordinary shares of the Mainstreet bank were paid up by them.
And just after 4-days after the announcement by the AMCON that Sky Bank is the preferred bidder for the Mainstreet Bank, it was revealed that Sky Bank had already paid the mandatory 20% deposit of the bidding price, which was just the same day they signed the SPA , running far ahead of the October 9th, 2014 deadline that was given for the highest bidder to pay the 20% deposit.
It was further reported that Skye Bank had on the 31st of October, 2014 paid the 80% balance to complete the full and legal ownership of the Mainstreet Bank quite far beyond the transaction deadline.
Wow! this Sky Bank is so superb. If you are a customer with the Mainstreet Bank, you should be glad because you now have a very strong capital hub in the picture of Sky Bank Plc. Congrats to the Sky Bank owners...
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