Trademarks Global Acquires Majority Stake in eTranzact
Trademarks Global Concepts Limited has successfully acquired a 56.18% controlling stake in eTranzact International Plc, marking a significant change in ownership for the Nigerian payments company. The share transfer involved Access Bank, Meristem Trustees acting for Accelerex Holdings, and eTranzact Global, as detailed in a notification to the Nigerian Exchange on October 13.
Access Bank's decision to exit eTranzact was made in 2025. The transaction included a "tag-along arrangement," allowing other shareholders to sell alongside Access Bank under agreed conditions, resulting in Trademarks Global obtaining a majority holding.
It is important to note that this transaction pertains to existing shares and should not be characterized as new fundraising for eTranzact without evidence of a separate capital injection.
Plus234Feed summary based on reporting from The Will. Read the original report below.
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