November 12, 2018
By InvestAdvocate
Lagos (INVESTADVOCATE)-Lender, Diamond Bank Plc on Monday said its in no acquisition deal with Access Bank Plc or any other financial institution at any moment.
“The attention of Diamond Bank Plc (“the Bank”) has been drawn to the rumor in the media stating that the Bank is purportedly in discussions with Access Bank Plc to acquire the Bank.
We wish to state categorically that the Bank is not in discussions with any financial institution at the moment on any form of merger or acquisition.
We trust that the above clarifies the position of the Bank with regards to the rumor on the various media platforms,” the statement said.
Shares of Diamond Bank at the close of the trading session on the Nigerian Stock Exchange (NSE) is down -9.38 percent to N1.16 from N1.28 traded the previous session; losing 0.12 kobo per share.