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Nigeria's FCMB Group boosts stake in pension manager

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Nigeria's FCMB Group boosts stake in pension manager

FCMB Group Plc completed its acquisition of an additional 60% stake in Legacy Pension Managers Ltd. after receiving relevant regulatory approvals.

The deal raises the group's stake in the company to 88.2%.

FCMB said the transaction will help enhance the diversification of service offerings, while further optimizing its holding company structure.