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Habib Bank shareholders get 2.6pc discount on DTB shares

DTB CEO Nasim Devji (left), directors Linus Gitahi, Ismail Mawji and chairman Abdul Samji during the Annual General Meeting (AGM) at Laico Regency on May 25, 2017. PHOTO | NMG

By  HERBLING DAVID

Habib Bank owners will enjoy a 2.6 per cent discount on Diamond Trust Bank (DTB) #ticker:DTK shares after shareholders approved the share swap acquisition of the Kenyan branch of the Pakistani-based lender.

DTB plans to issue Habib Bank Kenya owners 13.28 million shares priced at Sh137.39 apiece, valuing the deal at Sh1.82 billion.

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