International Finance Corporation To Sell Holding At Ecobank Transnational Incorporated

The International Finance Corporation (IFC) and the IFC Asset Management Company (AMC) move to sell equity holding at Ecobank Transnational Incorporated (ETI), Ecobank publish information relating to its ownership structure at The Nigerian Stock Exchange (NSE).

News have it that "The IFC (a subsidiary of the World bank) and it's Asset Management Company has entered into a share purchase agreement with a leading Dutch investment firm Arise B. V for the sale of their circa 14.1% stake in Ecobank Transnational Incorporated" (Parent company of Ecobank).

Completion of the transaction is expected in the coming months subject to due diligence, internal and regulatory approvals.

See press release below...