Nigeria´s Access Bank to acquire rival
(WorldNews Business)

Nigeria´s Access Bank PLC agreed to take over struggling local rival Diamond Bank PLC in a deal worth about US$200 million that would create the nation´s biggest lender by assets. Both companies´ shares rose. Access is to buy Diamond for 72.5 billion naira (US$199 million), with almost one-third of that being paid for in cash and the rest in shares, the Lagos-based lenders said in...