First HoldCo Concludes Sale of FBNQuest Merchant Bank to EverQuest Acquisition LLP

First HoldCo Concludes Sale of FBNQuest Merchant Bank to EverQuest Acquisition LLP

First HoldCo Plc has announced the successful completion of its full divestment from FBNQuest Merchant Bank Limited. The company confirmed that it has transferred 100 percent ownership of the merchant banking subsidiary to EverQuest Acquisition LLP.

According to the disclosure issued in line with the Nigerian Exchange Limited (NGX) Rulebook, the transaction was finalized after obtaining all necessary regulatory approvals from the Central Bank of Nigeria.

The divestment marks a strategic step in First HoldCo’s corporate restructuring efforts aimed at streamlining operations and unlocking value across its portfolio.

The notice was signed by Abiola Baruwa, Group Company Secretary of First HoldCo Plc.