Nigeria: Milost Terminates $1bn Planned Investment in Unity Bank

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Milost Global Inc., a New York-based private equity firm yesterday announced the termination of its proposed $1 billion investment in Unity Bank Plc.

This followed the rebuttal of the planned capital injection by Unity Bank Plc, a day after the deal was made public.

The Managing Partner and CEO at Milost Global Inc., Kim Freeman disclosed this in a statement yesterday.

This is just as a top official of Unity Bank, who pleaded to remain anonymous, maintained yesterday that there was no deal between both organisation.

 

 

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