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Equity to pay family Sh10bn for DRC bank

Equity already has a subsidiary in DR Congo, which it acquired in May 2015. FILE PHOTO | NMG

By  EDWIN OKOTH

Equity Bank Group #ticker:EQTY will pay Sh10.7 billion to a wealthy family to acquire a 66.5 percent stake in a top bank in the Democratic Republic of Congo.

The bank Monday announced that it was in talks with the George Arthur Forrest family to acquire majority stake in Banque Commerciale du Congo (BCDC).

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