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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
    https://www.african-markets.com/images/ju_cached_images/AIS2018-Square_411ad77434821170d1f5e8960525d272_90x50.resized.jpg

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