Bidvest Relaunches R2.8bn Bank Sale After Collapse of Nigerian Deal

Bidvest relaunches R2.8bn bank sale after collapse of Nigerian deal

Bidvest Group is reviving the R2.8bn sale of its subsidiary Bidvest Bank after its takeover by Nigeria’s Access Bank fell through.

Access Bank Bidvest Acquisition Update - Tech

In a move that underscores the Central Bank of Nigeria’s (CBN) shift toward “policy orthodoxy,” Access Bank’s proposed 100% equity acquisition of South Africa’s Bidvest Bank has officially lapsed. The transaction, valued at approximately R2.8 billion (₦245 billion), hit a “long-stop” deadline on January 26, 2026, without securing the final regulatory nod from the CBN. While the termination marks a temporary setback for Nigeria’s largest lender b…

Set Back for Access Holdings as Planned 100% Acquisition of South Africa's Bidvest Bank Fails

One of Nigeria’s leading financial institutions, Access Holdings Plc, has informed the investing public that its proposed acquisition of a 100% equity stake in South Africa’s Bidvest Bank has failed following unresolved regulatory approvals before the deadline. This was contained in a statement released on Tuesday and obtained by news.ng. The financial services institution disclosed that it could not meet the regulatory conditions before the Jan…

Access Bank’s Bid To Acquire Bidvest Bank In South Africa Falls Through

Access Bank’s proposed acquisition of Bidvest Bank has collapsed, bringing an end to a high-profile cross-border banking transaction that would have expanded the Nigerian lender’s footprint in South Africa. The transaction, which was intended to transfer ownership of Bidvest Bank to Access Bank, did not progress to completion after key conditions attached to the agreement […] The post Access Bank’s Bid to Acquire Bidvest Bank in South Africa Fal…

Regulatory Hurdles Stall Access Bank’s Planned Acquisition Of Bidvest Bank

Access Bank Plc’s proposed acquisition of a 100 per cent equity stake in South African-based Bidvest Bank has been stalled after the transaction failed to meet all required conditions before the agreed long-stop date, underscoring the challenges associated with cross-border banking deals. In a disclosure to Nigerian Exchange Limited, seen by THE WHISTLER, Access Holdings Plc said the long-stop date for the transaction expired on January 26, 2026…

Access Bank fails to close Bidvest Bank acquisition

Access Bank’s long-anticipated acquisition of South Africa’s Bidvest Bank has collapsed, ending one of the most closely watched cross-border banking deals between West and Southern Africa. The transaction was terminated after Nigeria’s biggest bank by assets failed to meet key regulatory conditions by the agreed deadline date of January 26, 2026.  In a filing to the Nigerian Exchange on Tuesday, Access Holdings Plc, its parent company, confirmed…