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LequteMan
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Following it's acquisition by FBN Insurance Limited, the Nigerian Stock Exchange (NSE) has delisted Oasis Insurance Plc from its daily official list, ThisDay reports.
Excerpt:
According to NSE, following the conclusion of the acquisition, Oasis Insurance applied for voluntary delisting from the exchange.
FBN Insurance had acquired 71.2 per cent equity interest in Oasis Insurance through a block divestment in February 2014.
In accordance with Rules of the Securities & Exchange Commission, FBN Insurance Limited made a mandatory take-over bid for the remaining 28.8 per cent equity
click here to read more
#Oasis #NSE #Nigeria
Excerpt:
According to NSE, following the conclusion of the acquisition, Oasis Insurance applied for voluntary delisting from the exchange.
FBN Insurance had acquired 71.2 per cent equity interest in Oasis Insurance through a block divestment in February 2014.
In accordance with Rules of the Securities & Exchange Commission, FBN Insurance Limited made a mandatory take-over bid for the remaining 28.8 per cent equity
click here to read more
#Oasis #NSE #Nigeria
