What Wema Banks GNI divestment means for Shareholders

by | October 3, 2016 12:22 am



Wema Bank’s decision to off load its 75 percent majority stake in Great Nigeria Insurance (GNI) Plc, to Resourcery and Consultancy Services Limited, has financial implications for both shareholders and investors. The divestment is valued at N3.24 billion, while a total of 2.87 billion 50k ordinary shares of GNI were transferred to Insurance Resourcery and…

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