Equity Group #ticker:EQTY is set to acquire four banks in Rwanda, Zambia, Tanzania and Mozambique from London-listed Atlas Mara in a share swap deal valued at Sh10.6 billion.
The Kenyan bank targets a 62 per cent stake in Banque Populaire du Rwanda and full ownership of BancABC Zambia, BancABC Tanzania and BancABC Mozambique.
