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Providus Merger: Unity Bank Shareholders Get Choice of Cash or Shares
The Business NG
|The BusinessNG
The Federal High Court in Lagos has directed Unity Bank Plc to convene a shareholder meeting on September 26, 2025, to decide on its proposed merger with Providus Bank Limited.
Under the terms of the deal, Unity Bank shareholders are to receive either 3.18 per share or 18 Providus Bank shares for every 17 Unity Bank shares they currently hold.
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