Titan Trust Bank Limited made a mandatory takeover offer to acquire remaining 6.59% stake in Union Bank of Nigeria Plc for NGN 13.5 billion.

Union Bank of Nigeria Plc is a banking group organized around 5 areas of activity: - corporate banking (33% of income); - market banking (28%). The group also develops asset management and insurance activities; - retail banking (25.3%): sales of standard and specialized banking products and services (consumer credit, leasing, etc.); - commercial banking (12.1%); - other (1.6%). At the end of 2020, the group has NGN 1,126.3 billion in current deposits and NGN 692.8 billion in current loans. Products and services are marketed through a network of over 290 agencies located in Nigeria. Income breaks down geographically as follows: Nigeria (98.3%) and the United Kingdom (1.7%).