Audio By Carbonatix
Republic Bank has been given the nod to go ahead with the process of taking over HFC bank.
This follows a ruling by the Supreme Court, presided over by five justices and led by Justice Atuguba. The Supreme Court also quashed an earlier ruling by a high court which sought to freeze the process.
On 23rd May 2014, HFC bank sued the Republic Bank and the Securities and Exchange Commission (SEC) for what it described as breaches of the SEC Code on Takeovers & Mergers.
HFC Bank had also applied for an interim injunction against Republic Bank and the SEC.
Republic Bank, in a countermove, also filed a suit praying the court to dismiss the application and allow SEC to take over the matter.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Illegal fishing practices threaten public health—Minister warns
16 seconds -
60-year old father arrested for dragging his son with a Quad Bike at North Legon
27 minutes -
BoG Governor pushes for real fintech deployment beyond Sandboxes
39 minutes -
Burkina Faso junta accused of secretly detaining journalist and dozens of others, RSF report finds
53 minutes -
Today’s Front pages: Friday, May 8, 2026
58 minutes -
The Damang Gold and the Economy of Ghana: State Ownership versus Ibrahim Mahama’s E&P
1 hour -
TBill Safety to Growth Plays: Alternate investments to consider in 2026
2 hours -
Bawku conflict shows how false information can fuel violence, British envoy warns
2 hours -
ARDO initiates collaboration between Ghana and Togo to prevent cross-border wildfires
2 hours -
Visit South Africa: How Clarens is setting the standard for sustainable tourism
2 hours -
GRMA marks International Day of the Midwife in Tamale
2 hours -
Tourism Ministry distances itself from Karnival Kingdom Festival
3 hours -
Godfred Dame accuses Deputy AG of lying over access to Abdul-Wahab Hanan
3 hours -
Valverde cut head when he ‘accidentally hit table’ in Tchouameni row
3 hours -
ORAL will soon take effect, and NPP will feel the heat – Abass Nurudeen
3 hours