South Africa’s Nedbank is guaranteed to secure a controlling stake of at least 51.17 percent in NCBA Group after receiving additional acceptances from top shareholders of the Kenyan bank.
Nedbank, which has offered to buy a 66 percent stake in NCBA through a cash-and-stock deal, had earlier received commitments from major investors in the Nairobi Securities Exchange-listed firm with a combined ownership of 71.2 percent.
