The Asset Management
It also announced Cedar One Investment Partners Limited as the 1st reserve bidder and Fidelity Bank as the second reserve bidder.
In a statement, Kayode Lambo, head, corporate communications strategy, AMCON, said this followed the receipt of the
It said the completion of the transaction
AMCON said in the event that Skye Bank is unable to complete the transaction
It also said that in the event that Cedar is unable to complete the transaction in
AMCON said this process started with interest shown by 25 parties cutting across local and international investors. The emergence of Skye Bank, Cedar and Fidelity Bank as preferred 1st and 2nd reserve bidders,
Main Street Bank commenced operation in August, 2011, as a full-service commercial bank with a national banking licence. The bank has 9 subsidiaries; and a distribution network comprising 201 branches across 35 out of 36 states in Nigeria and the Federal Capital Territory, Abuja; 9 cash centres and 200 automated teller machines (ATM).