Premium Pensions Ltd, has announced that there are ongoing discussions about a takeover plan but they have claimed that so far, no definitive agreement has been reached.
Premium Pension also indicated that a corporate merger was being considered, indicating that it intends to either be acquired or combined with another company, presumably one that operates as a pension fund administrator.
According to the release: “It has come to our knowledge that there are a number of unfounded rumours and erroneous statements being spread about a potential business merger between Premium Pension Limited and another pension fund administrator.
“Several rumours and false information about a potential corporate merger between Premium Pension Limited and another pension fund administrator have come to our knowledge.
Our fundamentals and prospects remain very solid with over N1 trillion in assets under management and a track record of steady above industry average investment performance and growth.
“We want to reassure you that we always put our client’s needs first while making decisions.”
Although negotiations are still going on, the release emphasized that no formal agreement has been made yet, and proper procedures are being followed.
If the planned merger goes through, it will strengthen our position in the market and expand our pension offerings, allowing us to better serve you.
