Acquiring Company
Bethel V Limited
Acquired Company
KBL Insurance Limited
NigeriaLagosFinancial ServicesInsuranceDescription
Keystone Bank Limited seeks regulatory approval to sell its 66.54% stake in KBL Insurance Limited to Bethel V Limited. The acquisition aims to enhance the operations of KBL Insurance and contribute to the growth of Nigeria's insurance industry. A Share Purchase Agreement has been negotiated, pending regulatory approvals. The transaction will result in a change of control of KBL Insurance.
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M&A Insights
Based on deal dataFrequently asked
Who acquired KBL Insurance Limited?
KBL Insurance Limited was acquired by Bethel V Limited, based in Nigeria. The deal was reported on September 12, 2026. Bethel V Limited is a newly incorporated investment vehicle established by insurance and investment professionals. Bethel V Limited is privately held and operates in Financial Services.
When did Bethel V Limited acquire KBL Insurance Limited?
Bethel V Limited's acquisition of KBL Insurance Limited was reported on September 12, 2026. Keystone Bank Limited seeks regulatory approval to sell its 66.54% stake in KBL Insurance Limited to Bethel V Limited. The acquisition aims to enhance the operations of KBL Insurance and contribute to the growth of Nigeria's insurance industry. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does KBL Insurance Limited do?
KBL Insurance Limited is a leading underwriting firm in the insurance industry, known for its significant contributions to the insurance sector in Nigeria. It is privately held, operating in Insurance, and is based in Lagos.
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