NCBA to suspend shares trading as Nedbank completes acquisition
Source: KBC
Summary
South African banking giant, Nedbank Group has completed the acquisition of 66% controlling stake in Kenya’s NCBA Group Plc. The transaction which has now become unconditional following acceptance by NCBA shareholders to sell 1,087,362,891 of ordinary shares valued at an estimated Ksh 110 billion. “NCBA has built a strong East African brand anchored on customer […] The post NCBA to suspend shares trading as Nedbank completes acquisition appeared first on KBC Digital.
