EXCLUSIVE: Access Holdings acquired ARM Pensions for ₦152 billion in 2024
- Access Holdings Plc finalized its acquisition of ARM Pension Managers for ₦152 billion ($96.4 million).
- The merger was completed in May 2024 and aims to challenge Stanbic IBTC Pension Managers for market leadership.
- Access Golf Limited acquired an 81.82% stake in ARM Pensions, consolidating its position in the pension fund industry.
The acquisition of ARM Pension Managers by Access Holdings is a strategic move that could significantly reshape the competitive landscape of Nigeria's pension fund industry. With Access ARM Pensions showing early signs of profitability and growth, it will be interesting to see how they leverage technology and target the informal sector to close the gap with market leader Stanbic IBTC.
