Why Centum terminated Sidian Bank sale

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Centum Investment Group CEO James Mworia. FILE PHOTO | NMG

Centum Investment Company Plc asked to be paid Sh4.3 billion at once for its 83.4 percent stake in Sidian Bank, a demand that was not met by Nigeria’s Access Bank and led to the collapse of the deal.

The parties initiated talks in 2021, culminating in the signing of a share purchase agreement in June 2022.

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