Titan Trust Bank to acquire a 89.39% in Union Bank of Nigeria from Union Global Partners and Atlas Mara.

Titan Trust Bank, a financial service provider, agreed to acquire a 89.39% in Union Bank of Nigeria, a banking services provider, from bank holding companies Union Global Partners and Atlas Mara. Financial terms were not disclosed. “The Board of Titan Trust Bank and our key stakeholders are delighted as this transaction marks a key step for Titan Trust in its strategic growth journey and propels the institution to the next level in the Nigerian banking sector. The deal represents a unique opportunity to combine Union Bank’s longstanding and leading banking franchise with TTB’s innovation-led model which promises to enhance the product and service offering for our combined valued customers," Tunde Lemo, Titan Trust Bank Chairman.