In December 2024, JSE-listed Bidvest announced that it would dispose of 100% of Bidvest Bank Holdings Limited to Access Bank plc. Bidvest is expected to raise R2.8 billion from the sale, which will then be used to settle its existing debt. Access Bank plans to implement Broad-Based Black Economic Empowerment (BBBEE) ownership, including an Employee Stock Ownership Plan. Access Bank is the largest lender in Nigeria by assets and is a full-service bank with over 60 million customers globally across three continents. The group has four business segments: retail, business, commercial and corporate.
Source: BUSINESSTECH