France’s third-largest bank by assets, Societe Generale, and Mauritius-based SBM Holdings are the frontrunners to acquire troubled Chase Bank and its subsidiary, Rafiki Microfinance, the Business Daily can now reveal.
The two have emerged top of the list of investors, including KCB Group #ticker:KCB, I&M Bank #ticker:I&M, Stanbic Bank #ticker:SCBK and South Africa’s First Rand, who had expressed interest in taking over the Kenyan lender.
