Only investors with 7,520 NCBA shares or more have been offered cash-and-stock compensation to meet the condition of holding at least Nedbank 200 shares.
By
Charles Mwaniki
Business Reporter
Nation Media Group
The families of founding president Jomo Kenyatta and former Central Bank of Kenya governor Philip Ndegwa have committed to sell at least 66 percent of NCBA shares to Nedbank Group, putting them on course for a cash payout of Sh1.32 billion.
NCBA will help Nedbank diversify its business, which currently comprises operations in six southern African markets.
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