NIC, CBA shareholders approve merger plan

NIC bank branch in Nairobi. FILE PHOTO | NMG

Shareholders of NIC Group #ticker:NIC and CBA Group have approved the merger of the two banks in their respective annual general meetings, bringing the tie-up of the two closer to completion.

Owners of the privately-held CBA were the first to ratify the amalgamation on Tuesday, with NIC’s shareholders also supporting the proposed deal Wednesday.

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