Tony254
JF-Expert Member
- May 11, 2017
- 16,017
- 16,427
Kenya ndio baba la Afrika Mashariki na Kati. Equity bank imenunua benki mbili DR congo. KCB ipo South Sudan na Ethiopia. KCB ipo Uganda na Tanzania. I&M inapanga kununua benki Uganda. Sasa KCB inapanga kununua benki Rwanda na Tanzania. Hakuna nchi hapa Afrika Mashariki ambayo hatujanunua benki kutoka kwao. Hakuna benki hapa EA ambayo ipo safe from Kenyan banks. Hivi karibuni benki zote ukanda huu zitamilikiwa na benki za Kenya
KCB plans to acquire Rwandan and Tanzanian banks
Kenyan commercial banks are looking beyond their borders for acquisitions.
In Summary• KCB will pay cash for the shares in the Rwandan bank, it said in a statement, to be computed using a price to book multiple of 1.09.
• It also aims to make an offer to the remaining shareholders to acquire more shares on the same terms as the 62 per cent already agreed, KCB said.
by REUTERS News
Kenya’s top lender by assets, KCB Group, plans to acquire 62.06 per cent in Banque Populaire du Rwanda and 100 per cent in African Banking Corporation Tanzania Limited, it said on Thursday.
Kenyan commercial banks are looking beyond their borders for acquisitions, seeking to tap growing opportunities in the wider East Africa region, driven by rapid economic growth and trade integration.
KCB will pay cash for the shares in the Rwandan bank, it said in a statement, to be computed using a price to book multiple of 1.09.
It also aims to make an offer to the remaining shareholders to acquire more shares on the same terms as the 62 per cent already agreed, KCB said.
In the ABC Tanzania deal, KCB will also pay cash, using a price-to-book multiple of 0.42, the group said.
Both transactions are still subject to various approvals including those of regulators in all three markets, KCB said. (Reporting by Duncan Miriri; Editing by Clarence Fernandez)
