The Capital Markets Authority (CMA) says it is not aware that KCB Group #ticker:KCB has made a bid to acquire a 70 per cent stake in the National Bank of Kenya (NBK), #ticker:NBK urging investors to exercise caution when trading in the lenders’ shares.
The regulator, in a cautionary statement issued Tuesday, says it has not received any formal filings from KCB regarding such this transaction first reported by the Daily Nation last week.
