Time flies with great content! Renew in to keep enjoying all our premium content.
Prime
Small investors get better price in Sh110bn NCBA buyout
NCBA Group Managing Director and CEO John Gachora during a media briefing to announce their half year financial result release at Radison Blu Hotel in Nairobi on August 24, 2023.
Small investors will get a higher buyout price of Sh105 per share in Nedbank’s bid for a 66 percent stake in NCBA Group, with high-net-worth investors set to get a combined price of Sh98.72 per share in a composite cash-and-stock deal.
The South African bank has made an offer worth 13.9 billion rand (Sh109.9 billion) to all shareholders of NCBA to buy them out on a pro rata basis mostly using its shares to fund the transaction besides a cash component.
