The huge stake held by the government in National Bank of Kenya (NBK) #ticker:NBK will see the lender delisted from the Nairobi Securities Exchange (NSE) without holding a meeting to seek shareholder approval ahead of its buyout by KCB Group #ticker:KCB.
In takeovers of publicly traded firms, the target company is usually required to vote on whether or not it should be delisted prior to its acquisition.
