Fidelity Bank Plc (NGSE:FIDELITYBK) entered into binding term agreement to acquire Union Bank UK plc on August 30, 2022. Central Bank of Nigeria has issued a letter of No Objection letter for the deal. The transaction is still subject to the approval of the Prudential Regulatory Authority (PRA) of the United Kingdom.

Weyinmi Popo and Ezra Zahabi of Akin Gump Strauss Hauer & Feld LLP acted as legal advisor to Fidelity Bank Plc (NGSE:FIDELITYBK).