FCMB plans to acquire additional stake in Legacy Pension

FCMB Group Plc has notified the Nigerian Stock Exchange that it has entered into an agreement with other shareholders of Legacy Pension Managers Limited for the acquisition of an additional 60 per cent stake in.

The proposed acquisition will increase FCMB’s interest in Legacy to 88.2 per cent, thus making Legacy a subsidiary of FCMB.

The proposed transaction is subject to the approvals of the Central Bank of Nigeria, the National Pension Commission and the Securities and Exchange Commission.