Mozambique: FDH Bank PLC Acquires Controlling Stake in Ecobank Mozambique

Mozambique: FDH Bank PLC Acquires Controlling Stake in Ecobank Mozambique

FDH Bank Plc has announced a definitive agreement to acquire a controlling 98.87% stake in Ecobank Mozambique SA (EMZ) from Ecobank Transnational Incorporated (ETI), marking a major milestone in its expansion strategy.

Thom Mpinganjira’s FDH Bank agrees to buy Ecobank Mozambique

Key PointsMalawi’s FDH Bank signs deal to buy a 98.87% stake in Ecobank Mozambique from ETI to expand into Southern Africa.Following a 48% stock surge in July, FDH Bank’s market cap now exceeds $2 billion, making it Malawi’s most valuable listed company.FDH Bank stock delivers 255% year-to-date return; $100,000 invested in January now worth approximately $355,000.FDH Bank Limited, a commercial bank based in Blantyre and founded by well-known Mal…

Ecobank exits Mozambique operations, sells stake to Malawi’s FDH Bank in strategic move - Business Hallmark

Ecobank Transnational Incorporated (ETI) has announced the divestment of its entire stake in Ecobank Mozambique S.A. (EMZ) to FDH Bank Plc, a leading Malawian financial institution listed on the Malawi Stock Exchange, as part of a broader strategic realignment. The deal, which marks a significant shift in ownership and management, will not affect EMZ’s operations, […] The post Ecobank exits Mozambique operations, sells stake to Malawi’s FDH Bank…

FDH Bank plc acquires controlling stake in Ecobank Mozambique - Malawi Nyasa Times - News from Malawi about Malawi

FDH Bank Plc has announced a definitive agreement to acquire a controlling 98.87% stake in Ecobank Mozambique SA (EMZ) from Ecobank Transnational Incorporated (ETI), marking a major milestone in its expansion strategy. In a press statement issued by FDH Bank plc, Company Secretary Juliano Kanyongolo states that the remaining 1.13% stake in EMZ is held […] The post FDH Bank plc acquires controlling stake in Ecobank Mozambique appeared first on Ma…

FDH Bank secures majority stake in Ecobank Mozambique Malawi 24 | Latest News from Malawi

In a strategic move to expand its regional footprint, FDH Bank Plc has agreed to acquire a 98.87% stake in Ecobank Mozambique SA from Ecobank Transnational Incorporated. In a press statement issued by FDH Bank plc, Company Secretary Juliano Kanyongolo states that the remaining 1.13% stake in EMZ is held by Fundo Para O Fomento […] The post FDH Bank secures majority stake in Ecobank Mozambique appeared first on Malawi 24.