LAGOS - Access Bank Plc’s investment banking expertise was recently demonstrated in its facilitation of Negris Holding Ltd’s acquisition of the Nigerian Newsprint Manufacturing Company (NNMC).
The target company, previously owned by the Federal Government of Nigeria and the Governments of Akwa Ibom and Cross Rivers States was acquired through a highly competitive bid process which culminated in a N3.2 Billion successful bid price.
Access Bank provided Negris Holding Limited with both the requisite 100% funding for the acquisition, as well as a full suite of financial advisory services.
The NNMC transaction represents yet another milestone project that attests to Access Bank’s capacity to facilitate and execute complex big - ticket investment banking transactions as well as the quality and depth of its investment banking team.
A key hallmark of the Bank’s operating model has since become its unique ability to combine robust financing capabilities with top-of-the-class investment banking technical expertise to offer existing and potential clients an increasingly broad range of investment banking products and services.
Through this model the Bank has clearly actualized its voiced commitment towards the development of the real sector of the economy by providing the required funding and financial advisory services.
With the Bank’s increased capacity, reach and market share, the institution’s Investment Banking Division has emerged as a front runner in the nation’s Corporate, Project and Structured Finance sectors as well as in Mergers & Acquisitions, Divestitures and Investment Management.
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