Breaking: Nigeria`s Fidelity Bank seals deal to buy Union Bank UK

Clariform reports that Fidelity Bank has agreed to take over the UK arm of Nigeria’s second oldest bank.

This happens to be latest phase in the series of divestments by Union Bank which commenced offloading 90 per cent of its shareholding to a new owner, Titan Trust late 2021.

Clariform gathered that Fidelity Bank will be acquiring 100% of Union Bank UK if the deal goes through based on a binding agreement between the two which was published by the Nigerian Exchange.

This is a developing story. More details shortly.

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