Deal Description
US$108 million First Bank of Nigeria Limited Acquisition of selected West Africa Operations of ICB Group Holdings AG.
FBN Capital advised First Bank of Nigeria Ltd on its acquisition of ICB Senegal. This marked the successful completion First Bank’s acquisition of ICB Group Holdings AG’s banking operations in Ghana, Gambia, Guinea, Sierra Leone and Senegal. The transaction, which is the largest Nigerian outbound M&A deal by geographic spread, involved navigating complex regulatory requirements across five jurisdictions; which FBN Capital was able to successfully manage.
