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Access Holdings to Raise $1.8bn in Expansion Push

Access Holdings 1

By Adedapo Adesanya Access Holdings Plc plans to raise about $1.8 billion to expand its operations over the next four years as it targets becoming one of Africa’s largest financial institutions. According to Bloomberg, Access Holdings will raise $1.5 billion as part of a five-year growth plan that began last year. According to the bank’s executives during a conference call with investors in Lagos, the lender will be looking to do this through the issue of shares, bonds or other instruments. It also plans to raise as much as N365 billion ($257 million) by selling shares to existing investors. In

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