Nigeria Sells Nationalized Lender Keystone Bank to Local Buyers

Sigma Golf Nigeria Ltd., Riverbank Investment Resources Ltd. are “the new investors” following regulatory approval, Asset Management Corp. of Nigeria, which took control of lender, says in emailed statement.

* Sale process started with expression of interest by 18 local and international investors;
* Transaction subject to fulfillment of “the conditions precedent as stated in the Share Sale and Purchase Agreement’’;
* NOTE: Jan. 6, 2016, Amcon of Nigeria Seeks Advisers for Sale of Keystone Bank. Source: Bloomberg

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