Billionaire investor Baloobhai Patel has purchased additional shares worth Sh216.5 million in Co-operative Bank of Kenya, narrowing the gap with the lender’s top individual owner Gideon Muriuki.
Co-op Bank’s latest regulatory filings show Mr Patel, who co-owns the stake with his wife Amarjeet, purchased 15.25 million shares between April and September this year to take his stake to 1.55 percent. This came in the period Mr Muriuki —the managing director of the lender— kept his stake unchanged at two percent.
