Frist HoldCo, Plc, one of Africa's leading financial powerhouse, has announced it's full divestment of ownership of FBNQuest Merchant Bank Limited to EverQuest Acquisition LLP, in line with the Nigerian Exchange Limited Rulebook.

A statement signed by Abiola Baruwa, Group Company Secretary of First HoldCo Plc., and made available to ADNEWS, says the Central Bank of Nigera has approved the divestment.

It states:
“ln line with the Nigerian Exchange Limited (NGX) Rulebook, we wish to inform NGX and the investing public that First HoldCo Plc has successfully completed the full divestment of its 100% ownership in FBNQuest Merchant Bank Limited to EverQuest Acquisition LLP.

“This transaction has been finalized after obtaining all necessary regulatory approvals from the Central Bank of Nigeria.”