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Ecobank to seek Oceanic merger approval

Nigeria's Ecobank said on Monday it will seek shareholders approval on Dec. 22 to merge its operations with rival Oceanic Bank , after Ecobank's parent firm ETI acquired 100 percent of Oceanic in September. It said shareholders in the enlarged Ecobank will get 1 share in ETI for every 5.16 Ecobank shares owned.
Read the rest of the story on Businessday Nigeria

Added December 05, 2011
from Businessday Nigeria