Centum raises stake in Sidian Bank to 74pc after rights issue

Centum has acquired an additional 8.1 per cent stake in Sidian Bank after investing Sh1.2 billion in the lender’s recent rights issue that was sidestepped by some of its co-investors in the company.

The move saw the investment firm’s interest in the bank, which rebranded from K-Rep, rise to 74 per cent from the previous 65.88 per cent.