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Centum to sell additional 19 percent stake in Sidian Bank
James Mworia (right) CEO of Centum Investments and Risper Alaro, the Group Finance Director, during the company's investor briefing held at its Two Rivers offices in Nairobi on July 30, 2024
Photo credit: Wilfred Nyangaresi| Nation Media Group
Centum Investments is set to sell 18.91 percent of its stake in Sidian Bank in a deal estimated at Sh1.03 billion, cutting its shareholding in the small lender to under a fifth.
The investments firm has invited shareholders to vote on the proposal during the annual general meeting set for September 30. If approved, the transaction will see Centum’s stake in Sidian fall from the current 34.1 percent to 15.19 percent.
