Guaranty Trust receives IFC offer

Published: July 26, 2010

Nigerian bank could sell US$30mn stake.

Nigeria’s Guaranty Trust Bank says it is giving “serious consideration” to an offer from the International Finance Corporation (IFC) to take a stake in the bank.

In a statement to the London Stock Exchange, the bank said that it received an offer from the IFC to buy shares worth US$30mn.

The offer will be put to shareholders if approved by the bank’s board.