Access Holdings gets full regulatory approval for First Guarantee Pension acquisition

Access Holdings Plc, trading as Access Corporation, has received full regulatory approval of its acquisition of a majority equity stake in First Guarantee Pension Limited (FGPL).

The Corporation announced this on Monday in a disclosure signed by Sunday Ekwochi, company secretary, titled “Access Corporation announces receipt of full regulatory approval in respect of its acquisition of majority equity stake in First Guarantee Pension Limited”.

This announcement is sequel to a previous announcement by Access Corporation on May 19, 2022.

It said following this development, FGPL is now a subsidiary of the Corporation and will provide a strong springboard for the Corporation’s execution of its ecosystem strategy for the pension funds administration industry.

Herbert Wigwe, Group CEO, Access Corporation, said the transaction was in line with Group’s vision to create a globally connected community and ecosystem inspired by Africa for the world.

“We will deploy our renowned culture of strong risk management, innovative technology and best practice corporate governance to deliver high standards of management and returns on pension assets to the benefit of our stakeholders,” he said.