Access Holdings Plc acquires majority stake in Afrasia Bank Limited to expand African growth strategy
Acquiring Company
Access Holdings Plc
Acquired Company
Afrasia Bank Limited
MauritiusFinancial ServicesFinanceLendingBankingDescription
Access Holdings Plc, through its banking subsidiary The Access Bank UK Limited, has entered into a binding agreement to acquire a majority equity stake in Afrasia Bank Limited, the Republic of Mauritius’ fourth-largest bank by total assets. This acquisition represents a pivotal moment in Access Holding’s African growth strategy, leveraging the robust financial services sector of Mauritius to drive trade, support businesses, and promote economic inclusion across the region.
Quick answer
Access Holdings Plc is acquiring Afrasia Bank Limited, announced November 14, 2024.
- How much did Access Holdings Plc pay for Afrasia Bank Limited?
- The deal value was not disclosed.
- Where are Access Holdings Plc and Afrasia Bank Limited based?
- Afrasia Bank Limited is based in Mauritius.
Source: Fundz verified event record.
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Who to call at Access Holdings Plc, and when
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Frequently asked
Who acquired Afrasia Bank Limited?
Afrasia Bank Limited was acquired by Access Holdings Plc. The deal was reported on November 14, 2024. Access Holdings Plc is privately held.
When did Access Holdings Plc acquire Afrasia Bank Limited?
Access Holdings Plc's acquisition of Afrasia Bank Limited was reported on November 14, 2024. Access Holdings Plc, through its banking subsidiary The Access Bank UK Limited, has entered into a binding agreement to acquire a majority equity stake in Afrasia Bank Limited, the Republic of Mauritius’ fourth-largest bank by total assets. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Afrasia Bank Limited do?
Afrasia Bank Limited is the Republic of Mauritius’ fourth-largest bank by total assets, with recorded total assets exceeding US$5.7 billion and a net profit after tax of US$152.4 million at the end of its fiscal year on June 30, 2024. It is privately held, operating in Financial Services, and is based in Mauritius.
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