Access Bank Plc says it has entered into an agreement to acquire the entire 83.4 percent equity stake held by Centum Investment Plc, a Kenyan-based investment company, in Sidian Bank Ltd, for the sum of about N15 billion ($37 million). SMACIN GRACEFULL TEAM Access Bank will acquire Kenya’s Sidian Bank for N15bn The financial institution announced the acquisition in a statement on Wednesday. ADVERTISEMENT ADVERTISEMENT Access Bank said the purchase consideration includes the price to “book multiple of 1.1x” based on the audited March 31, 2022 shareholders’ equity of Sidian. ADVERTISEMENT ADVERTISEMENT “Sidian will be merged with Access Bank’s subsidiary in Kenya, Access Bank Kenya, to create a stronger banking institution better positioned to serve the Kenyan market,” the statement reads. ADVERTISEMENT ADVERTISEMENT Commenting on the transacti