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Kenya’s stock market regulator has approved the the offer document related to KCB Group’s (NSE:KCB) proposed acquisition of 100% shareholding of National Bank of Kenya (NSE:NBK).

The acquisition is expected to occur through a share swap whereby NBK shareholders will exchange 10 ordinary shares for 1 ordinary share of KCB group. 


KCB Group shareholders are expected to vote in favour of the transaction at the upcoming AGM on 30th May 2019.


  • Africa Investor Summit 2018

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