FBN Holdings Divests from FBNQuest Merchant Bank to EverQuest Acquisition LLP

FBN Holdings recently announced its full divestment from FBNQuest Merchant Bank, a subsidiary it acquired in 2015. EverQuest Acquisition LLP, a consortium formed earlier in 2024, completed the undisclosed-cost transaction.

FBNQuest Merchant Bank, formerly known as Kakawa Discount House, has been a key player in Nigeria's financial market since 1995. The acquisition by EverQuest Acquisition LLP is expected to bring new strengths to the financial services sector in Nigeria, with consortium members like Custodian Investment Plc (NGX: CUSTODIAN), Evercorp Industries, and Aion Investment Partners contributing their expertise.