First HoldCo Plc has notified the Nigerian Exchange Limited (NGX) and the investing public that it has completed the divestment of its entire 100% stake in FBNQuest Merchant Bank Limited, following the receipt of all required regulatory approvals.
The company confirmed that the transaction, which transfers full ownership to EverQuest Acquisition LLP, has now been finalised after securing approval from the Central Bank of Nigeria (CBN).
The divestment aligns with First HoldCo’s strategy to streamline operations and optimise its portfolio across regulated financial services entities.
The notification was signed by Abiola Baruwa, Group Company Secretary, on behalf of First HoldCo Plc.