Greenoaks Global Holdings Limited acquires 92.8% stake in Union Assurance Company Plc

Greenoaks Global Holdings Limited has completed the acquisition of a 92.8 per cent stake of the Union Assurance Company Plc, a former associate company of Union Bank Plc.

 According to Andrew Borda, "the investment represented an important element in the actualisation of Greenoaks strategy to further its penetration in emerging markets". He further stated, "that the investment also provided existing and potential Union Assurance clients an opportunity to be a part of a diversified global group positioned to provide service excellence and strong performance".

The new development brought about the emergence of a new board of directors comprising of;

• Chairman - Mr. Fola Adeola; 
• Managing Director - Mr. Godwin Odah.
• Mr. Asue Ighodalo
• Mr. Andrew Borda (Australian)
• Mr. Stefan Olofsson (Swedish)
• Mr. Owolabi Salami
• Mr. Segun Adesanya
• Mr. Okanlawon Adelagun
• Chief. Dickie Ulu.