Nedbank launches Partial Tender Offer for NCBA Group
NCBA Group PLC has announced that South Africa’s Nedbank Group Limited intends to acquire a controlling stake in the Kenyan lender through a partial tender offer. The proposed transaction targets 1,087,362,891 ordinary shares, representing approximately 66% of NCBA’s issued share capital, at a price of KES 105 per share, valuing the bank at 1.4 times
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