The Treasury acquired an additional 13.7 million shares in KCB Group #ticker:KCB in the lender’s dividend deal last year where part of the payout was in the form of the company’s own shares.
The new shares, which have a market value of Sh468.4 million, raised the Treasury’s interest in the country’s biggest bank by assets from the previous 17.31 per cent to 17.53 per cent and cemented its position as the largest single shareholder.
