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KCB completes buyout of National Bank owners

National Bank MD Paul Russo during the opening of a branch at Gikomba on March 10, 2020. PHOTO | DIANA NGILA

By  Victor Juma

Business Editor

Nation Media Group

KCB Group #ticker:KCB has completed the compulsory buyout of dissenting minority shareholders of National Bank of Kenya (NBK) after issuing 4.4 million of its shares currently worth Sh212 million to the holdouts.

NBK shareholders were to take a total of 147.3 million shares in the country’s biggest bank in the transaction.

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