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Mixed Reactions to Diamond Bank – Access Bank Merger

Diamond Bank shareholders on Monday expressed mixed reactions to its merger with Access Bank.
The board of Diamond Bank finally confirmed its acquisition of Access Bank, expected to be completed in the first half of 2019.
Some financial experts feel the merger would benefit the shareholders.
Others advised that the CBN, the Nigerian Stock Exchange and any other regulators concerned should ensure that minority shareholders are carried along and not short changed in the whole merger arrangements.
The Nigerian Shareholders Solidarity Association of Nigeria, NSSA on its part called for the sanctioning of the board and management of Diamond Bank for ‘mismanaging’ the bank.

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