FBN Holdings Sells FBNQuest to Everquest

 

FBN Holdings Sells FBNQuest to Everquest

FBN Holdings Plc has announced the sale of its investment banking subsidiary, FBNQuest, to Everquest Financial Services Limited. The move aligns with FBN Holdings' strategic focus on its core banking operations and divestment from non-banking assets. FBNQuest, which provides financial advisory and asset management services, will now operate under the new ownership of Everquest, a financial services firm. The terms of the sale were not disclosed, but the transaction is expected to strengthen FBN Holdings' capital position.