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Absa gains Sh7bn as parent firm offers premium price

ABSA Bank CEO Abdi Mohamed delivering his speech during the ABSA Bank Kenya 2023 Sustainability report launch at Serena hotel in Nairobi on September 5, 2024.

Photo credit: File | Nation Media Group

By  George Ngigi

Correspondent

Nation Media Group


Absa Bank Kenya’s share price jumped 4.59 percent on Friday, representing a gain of Sh7.33 billion as investors reacted to Absa Group Limited’s bid to raise its stake in the Kenyan subsidiary at a premium price of Sh34.5.

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