I&M Group’s fourth-largest shareholder East Africa Growth Holding (EAGH) is set to pay a premium of 93 percent on the bank’s current share price to acquire an additional 86.5 million shares in the lender for Sh4.2 billion.
EAGH is purchasing the additional stake of 4.97 percent just months after buying a 10.13 percent holding formerly in the hands of British International Investment (BII), for a reported Sh6.5 billion.
