Industry Analysis

Multi Finance PLC Completes Merger with LB Finance PLC

Multi Finance PLC has officially merged with LB Finance PLC following the approval of a special resolution at an extraordinary general meeting held on June 28.

The amalgamation was carried out in accordance with the Companies Act No. 07 of 2007, meeting all regulatory requirements. The Department of Registrar General of Companies (DRGOC) has validated the process, issuing a ‘Certificate of Amalgamation Issued to a Limited Company,’ confirming the legal and procedural integrity of the merger.

With this certification, the merger is now complete, positioning the combined entity with a stronger financial base and improved operational capabilities. The strategic merger aims to capitalize on the synergies between Multi Finance PLC and LB Finance PLC, enhancing their competitive advantage in the financial market.