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Access-Diamond Bank merger to lead to N150bn in synergies

…as Access cancels planned N75bn rights issue

In a deal that would create Africa’s largest bank by customers, the synergy opportunities for Access-Diamond Bank deal are estimated at N150.3 billion, managements of both lenders revealed yesterday. The synergy gains will span from 2019 through 2021. BusinessDay gathered from the conference call held Thursday that the merger is now scheduled to be completed…

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