South Africa’s Standard Bank has been given more time to buy an additional 14.8 million shares with a current market value of Sh1.2 billion in its Kenyan subsidiary Stanbic Holdings #ticker:SBIC.
The multinational started accumulating more shares in the Nairobi Securities Exchange-listed firm in July 2018 and had raised its stake in the lender to 71.16 percent as of November last year.
