KCB Group raised its stake in its Rwandan subsidiary by an additional 10.8 percent to 87.5 percent after merging KCB Bank Rwanda and Banque Populaire du Rwanda (BPR) in May, new disclosures show.
The Kenyan banking multinational bought a 62 percent stake from London-based Atlas Mara Limited and another 14 percent from private equity firm Arise in a deal that was closed last year and had set sights on sweeping the remaining 24 per cent owned by minority owners.
