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 more on Businessday Nigeria]
Added: about 2 years ago (December 05, 2011 @ 04:37AM)
Source: Businessday Nigeria