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K-Rep report reveals owners of Sh3.8bn bank
A K-rep Bank branch along Kenyatta Avenue in Nairobi. Centum Investments has placed a bid for 65.9 per cent shares of K-Rep Bank, in a transaction that values the lender at about Sh3.8 billion. PHOTO | SALATON NJAU | NATION
Kimanthi Mutua, the founding managing director of K-Rep Bank, is the single-largest individual owner of the lender controlling a 0.75 per cent stake in the lender, which is now subject of an acquisition bid by the NSE-listed investments firm, Centum .
Documents seen by the Business Daily, which for the first time reveal the 18 shareholders behind K-Rep Bank, indicate that the estate of the late Bonaya Godana, a former Foreign Affairs minister, is the second largest individual owner of the lender with a 0.68 per cent stake.
