Union Bank of Nigeria plans to seek shareholder approval next month to raise 50 billion naira ($158.7 million) through a share sale to existing investors, the bank said on Tuesday.
In a notice to shareholders, the lender also said it will seek approval to increase its authorised share capital to 17.5 billion naira from 9.5 billion naira on Dec. 7.
Union Bank to Seek Approval for N50Bn Share Sale
Comms Week22 Nov 20160 Comments
Union Bank of Nigeria plans to seek shareholder approval next month to raise 50 billion naira ($158.7 million) through a share sale to existing investors, the bank said on Tuesday. In a notice to…
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