January 30, 2023

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Entry Company to amass oblique stake in Sigma Pension


Entry Holdings Plc, buying and selling as Entry Company has introduced that Nationwide Pension Fee PENCON) and Federal Competitors and Client Safety Fee (FCCPC) have granted their approvals to to it’s proposed acquisition by First Assure Pension Restricted (FGPL) and First Ally Property Administration Restricted (First Ally) of your complete issued shares of Actis Gold Nigeria Ltd by extension Sigma Pension Restricted.

The Company has lately introduced it’s acquisition of majority fairness stake in FGPL. It’s supposed, topic to the receipt of related regulatory approvals that the operations of FGPL and Sigma might be merge to create Nigeria’s fourth largest fund administrator (PFA) by property below administration.

Commenting on this landmark transactions, group managing director of Entry Company, Dr Herbert Wigwe stated ” having concluded our divestment from the pension funds custody sectors and our current acquisition of FGPL, we’re happy with the progress we’re making concerning our diversification and progress into the pension funds administration sector. ” We’re significantly happy to have reached this settlement with Actis. “Our plan is to consolidate these entities to a formidable pension funds administration enterprise. The proposed consolidation will leverage the Company’s expansive distribution community, sturdy danger administration tradition and finest in -class governance requirements to gives contributors with sustainable world class pension funds administration companies”.

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