Equity Bank open to buyback of HF stake

Equity Bank Group CEO James Mwangi

Equity Group chief executive James Mwangi. 

Photo credit: File | Nation Media Group

Equity Group #ticker:EQTY is open to repurchase a stake in mortgage lender HF Group, signalling a shift in its appetite to acquire rivals in the Kenyan market.

Equity chief executive James Mwangi said the bank would review its interest in HF, seven years after selling its 24.7 percent stake to insurance group Britam.

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