NCBA Group valuation at the Nairobi bourse has increased by Sh22.65 billion in three days, amid news that the lender is the acquisition target of South Africa’s Standard Bank Group.
The lender closed on Thursday valued at Sh137.16 billion compared with Sh114.5 billion on Monday —before the news which Standard Bank has neither confirmed or denied. The multinational said it cannot comment on “market speculation.”
