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Africa Finance Corporation Says it is Not in Consortium for the Acquisition of Union Bank

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The Africa Finance Corporation (AFC) has said that it is not part of any of the several consortia bidding for Union Bank of Nigeria PLC. Several reports have stated that the AFC is part of the Capital Alliance Consortium comprising Keffi Capital and Nick Rohatyn Group.

The AFC says that this information is incorrect and that the AFC has not at any stage been a member of the Capital Alliance consortium nor is it a bidder for acquisition of Union Bank PLC or any other bank in Nigeria.

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