Access Bank Subsidiary seeks to buy Zambian bank

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Access Bank Plc announces today that its wholly-owned subsidiary in Zambia, Access Bank Zambia Limited has entered into exclusive discussions with Cavmont Capital Holdings Zambia Plc regarding a potential transaction between Access Bank Zambia and Cavmont Bank Limited, a wholly-owned subsidiary of Cavmont Capital.

Access Bank Subsidiary seeks to buy Zambian bank - Brand Spur

The potential transaction relates to the sale of 100% of Cavmont Capital’s interest in Cavmont Bank to Access Bank Zambia.

There can be no certainty that a transaction will be agreed, nor as to the terms of any such agreement. The completion of a transaction would be subject to formal regulatory approvals.

Access Bank will update the market as appropriate and in accordance with its’ disclosure obligations.

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Accordingly, shareholders are advised to exercise caution when dealing in Access Banks securities until a full announcement is made.

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Access Bank Subsidiary seeks to buy Zambian bank - Brand SpurAccess Bank Subsidiary seeks to buy Zambian bank - Brand Spur

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Access Bank Subsidiary seeks to buy Zambian bank - Brand SpurAccess Bank Subsidiary seeks to buy Zambian bank - Brand Spur

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