TransCentury wants to be consulted in State bank sale

TransCentury’s chief executive, Ng’ang’a Njiinu. FILE PHOTO | NMG

Listed infrastructure firm TransCentury #ticker:TCL has said it expects to be consulted before the proposed merger of the Development Bank of Kenya (DBK) with five other State-owned institutions is effected, signalling possible hurdles ahead for the reorganisation plan announced last week.

TransCentury, whose shares are traded on the Nairobi Securities Exchange (NSE), owns 10.7 per cent of DBK.

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