A director at fish processor W.E. Tilley, named in the fall of Imperial Bank, is among three Fidelity Bank minority shareholders who will have their stakes compulsorily acquired by Mauritian lender SBM Holdings.
The Port Louis-based lender has issued a notice in the latest issue of the Kenya Gazette saying it will forcibly take over the shares held by Firoz Haiderali Jessa of W.E. Tilley in Fidelity Bank.
