SEC Woos Foreign Assistance To Boost Mergers, Acquisitions

The Securities and Exchange Commission (SEC) has expressed its readiness to collaborate with relevant international agencies to boost Mergers and Acquisitions in the country.
Receiving a delegation of M&A experts from the United States and South Africa led by Molly Askin in Abuja, Tuesday, Director General of SEC, Mounir Gwarzo the said the increasing incidences of such inorganic business growth points to the need for proper training to sustain the tempo of growth and effective regulation.
While commending the team for their interest in assisting Nigeria in the area of capacity building, he said the commission is “reviewing our laws to ensure that the areas that need to be strengthened are given attention for the overall benefit of the market.
“Some companies have been escaping our radar due to capacity deficiency in Mergers and Acquisition, but with the various trainings we have received, we have been able to perform better and this has led to an increase in mergers in the last four years.
Commenting, leader of the group, Molly Askin of the U.S Federal Trade Commission, expressed the need for the country to have an effective completion law regime in place that would be consistent with what is obtainable in other jurisdictions.
Askin expressed the willingness of her team to assist in reviewing relevant laws that affect competition and consumer protection in the country.
“Thank you for welcoming us and we will be able to go through Mergers and Acquisitions with Nigerians.
“We are happy to assist review whatever bills that are in the offing, we are committed to coming here to do our part in assisting to impact knowledge in that area,” she added.

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