{"id":13,"date":"2018-03-20T10:42:00","date_gmt":"2018-03-20T10:42:00","guid":{"rendered":""},"modified":"2018-03-25T11:41:33","modified_gmt":"2018-03-25T11:41:33","slug":"u-s-firm-to-invest-1b-in-unity-bank","status":"publish","type":"post","link":"https:\/\/blog.quriusolutions.com\/?p=13","title":{"rendered":"U.S. firm to invest $1b in Unity Bank"},"content":{"rendered":"<div style=\"clear: both; text-align: center;\">An American private equity firm, Milost Global Inc, is seeking to inject $1 billion to recapitalize Unity Bank Plc, one of Nigeria\u2019s 24.<\/div>\n<div style=\"line-height: 200%;\">According to a report, the U.S. firm plans an initial stake of about 30 per cent in Unity Bank in exchange for its first equity investment of $250 million.<\/div>\n<div style=\"line-height: 200%;\">Relying on two sources believed to be aware of talks on the transactions, Bloomberg reports that Milost plans to invest $700 million in equity and $300 million in five-year bonds that can be converted into shares in the Nigerian lender.<\/div>\n<div style=\"line-height: 200%;\">However, the transaction is still subject to a due diligence as well as regulatory approvals, but the first part of the deal may be completed by next quarter.<\/div>\n<p>&nbsp; <\/p>\n","protected":false},"excerpt":{"rendered":"<p>An American private equity firm, Milost Global Inc, is seeking to inject $1 billion to recapitalize Unity Bank Plc, one of Nigeria\u2019s 24. According to a report, the U.S. firm &hellip; <\/p>\n","protected":false},"author":2,"featured_media":122,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[95],"tags":[],"_links":{"self":[{"href":"https:\/\/blog.quriusolutions.com\/index.php?rest_route=\/wp\/v2\/posts\/13"}],"collection":[{"href":"https:\/\/blog.quriusolutions.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.quriusolutions.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.quriusolutions.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.quriusolutions.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13"}],"version-history":[{"count":2,"href":"https:\/\/blog.quriusolutions.com\/index.php?rest_route=\/wp\/v2\/posts\/13\/revisions"}],"predecessor-version":[{"id":166,"href":"https:\/\/blog.quriusolutions.com\/index.php?rest_route=\/wp\/v2\/posts\/13\/revisions\/166"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.quriusolutions.com\/index.php?rest_route=\/wp\/v2\/media\/122"}],"wp:attachment":[{"href":"https:\/\/blog.quriusolutions.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.quriusolutions.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.quriusolutions.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}