There are stories that Leadway Holdings is ready to accumulate PAL Pensions, in a deal that expands the group’s footprint in Nigeria.
The event was confirmed via an inside memo shared with workers earlier this week.
Though there is no such thing as a formal assertion from the 2 monetary establishments or regulator, nonetheless, a workers member, who spoke with Nairametrics on situation of anonymity, stated the acquisition had been rumored for weeks however was solely not too long ago confirmed via an inside memo
“Sure, Leadway has acquired PAL Pensions. Although we had been listening to about it for some weeks, an official memo has now been acquired to substantiate it,” the supply stated.
Extra Particulars within the Coming Weeks
He added that the combination course of will probably be rolled out within the coming weeks, with additional particulars to be communicated to stakeholders and clients.
The MD additional praised staff for his or her position within the firm’s success, noting:
“The acquisition is a proud second for us all, and it’s your laborious work, dedication, and dedication that make such achievements potential.”
What You Ought to Know
This acquisition comes barely two months after the sale of a vital stake in First HoldCo by Hassan-Odukale, Leadway Holdings, and its subsidiaries.
- RC Investments bought 2.647 billion shares from entities linked to the previous chairman of First Bank of Nigeria, Tunde Hassan-Odukale.
- The entities concerned included Leadway Holdings, Leadway Pensure PFA, Haskal Holdings, and Leadway/NNPC Workers Pension Funding.
Trade analysts recommend that the acquisition of PAL Pensions alerts Leadway Holdings’ ambition to consolidate its presence in Nigeria’s monetary providers sector, particularly in pensions, which stays some of the aggressive segments of the Nigerian capital market.
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