Fully owned Ghanaian bank, uniBank, has made a massive move in the banking industry to place itself in a very strong and competitive position.
The company has acquired 51% shares in the Agricultural Development Bank (ADB), making it majority shareholder and thus operator of the bank and its activities going forward.
uniBank acquired the 51% stake from a consortium of financial institutions which hitherto held them. The consortium was headed by Belstar Capital and includes Starmount Development Company Limited, EDC Investments Limited and SIC-FSL.
The consortium acquired the shares in 2016 when the bank publicly floated their shares in an Initial Public Offering (IPO).

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And now those shares, as well as proceeds, entitlement and voting rights, have all been turned over to uniBank.
uniBank is a multiple award winning, fully owned Ghanaian bank which commences operations in 2001. Its Chief Executive Officer is Kwabena Duffuor II.