Fiat Plans Merger with Renault in Latest Auto Industry Jolt

Posted by - May 27, 2019

Fiat Chrysler Automobiles NV proposed a merger with Renault SA to create the world’s third-biggest carmaker as manufacturers scramble for scale to tackle an expensive shift to electrification and autonomous driving. The transaction would be structured as a 50-50 ownership through a Dutch holding company, Fiat said Monday. Renault shareholders, including the French government, would

Merger: Diamond Bank Shareholders Set to Receive Consideration

Posted by - March 27, 2019

Shareholders of Diamond Bank Plc are ready to receive consideration of cash and shares following the its proposed merger with Access Bank Plc. The bank entered into merger agreement with Access Bank Plc late last year. The merger would involve Access Bank acquiring the entire issued share capital of Diamond Bank in exchange for a

CBN, SEC green light for Access, Diamond merger

Posted by - March 18, 2019

The Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) have approved the merger of Access Bank Plc and Diamond Bank Plc, the last major regulatory hurdle for the consummation of the business combination. Both banks recently confirmed receipt of the final approval from the financial services authorities. The final go-ahead came