A bold step for Fidelity Bank Plc as the bank acquires Union Bank in United Kingdom. The acquisition is 100% as Union Bank UK fully belongs to Fidelity Bank Plc now.
According to the news made public after Fidelity Bank made the position known to the Nigerian Exchange Group, the acquisition brings a final conclusion on the move of the bank to acquire Union Bank since 2022.
The news came with an excitement for the bank leaders and shareholders who look further for bigger success leveraging on the acquisition.
Recall also that Titan Trust Bank acquired Union Bank including Union Bank Nigeria. The acquisition of the UK branches of the bank perhaps may make Titan Trust bank to focus on Union Bank Nigeria.