Business

Nedbank completes 66% stake acquisition in NCBA for Sh23.2bn

South Africa's Nedbank Group has finalised the purchase of a majority stake in the Kenyan banking group, according to Capital FM.

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Illustrative image, not from this event. Daryona / Wikimedia Commons (CC BY-SA 3.0) · Source

According to Capital FM, South Africa's Nedbank Group has completed the acquisition of a 66 percent stake in NCBA Group for Sh23.2 billion.

The transaction brings the Kenyan lender under Nedbank's control, Capital FM reports.

The deal represents a significant cross-border banking investment in Kenya's financial sector.

Source: Capital FM · Business

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