Companies
South Africa’s Nedbank takes control of NCBA in 66pc stake acquisition
NAIROBI, Kenya, October 21 – South African lender Nedbank Group has completed the acquisition of a 66 percent stake in NCBA Group after securing regulatory approvals, making the Kenyan bank a subsidiary of the Johannesburg-listed lender. The deal follows a share offer that attracted tenders for 79.9 percent of NCBA’s…
Capital BusinessBy CORRESPONDENT
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Read at Capital Business →Original headline: “South Africa’s Nedbank takes control of NCBA in 66pc stake acquisition”
- Banks
- Business
- NCBA
- South Africa's Nedbank
- stake acquisition
- takes control