Diamond Bank confirms merger with Access Bank, gives reasons
Diamond bank has confirmed its merger with Access Bank Plc, stating that the development is in the best interest of all stakeholders including, employees, customers, depositors and shareholders. In a statement signed by Chioma Afe, Head, Corporate Communications of Diamond Bank, it was confirmed that the proposed merger would involve Access Bank acquiring the entire issued share capital of Diamond Bank in exchange for a combination of cash and shares in Access Bank via a Scheme of Merger.