NewsOnline Nigeria reports that First HoldCo Plc has announced the successful completion of its full divestment from FBNQuest Merchant Bank Limited, marking the end of its 100% ownership of the financial institution.
In a corporate disclosure issued in compliance with the Nigerian Exchange Limited (NGX) Rulebook, the company confirmed that EverQuest Acquisition LLP has officially taken over ownership of the merchant bank.
According to the statement signed by Abiola Baruwa, Group Company Secretary, the transaction was concluded after receiving all required regulatory approvals from the Central Bank of Nigeria.
The divestment is part of First HoldCo’s ongoing strategic realignment, although further details on the post-sale restructuring were not immediately provided.
The company assured investors and the public of its continued commitment to transparency and regulatory compliance in all corporate actions.
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