The bulk of the lender’s shares are in the hands of the 156 owners who hold above one million units each.
By
Charles Mwaniki
Business Reporter
Nation Media Group
Absa Group of South Africa will accept all offers of 10,000 shares and below for each shareholder in its purchase of an additional 16.5 percent stake in Absa Bank Kenya, sparing small investors the pain of rejected offers in case of an oversubscription.
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The proposed offer price comes after Absa Bank Kenya’s share price had rallied to hit an all-time high of Sh33 before easing to…
South Africa's Absa is offering about $239 million to raise its Absa Bank Kenya stake to 85%, the latest South African banking…
Absa Bank becomes the latest lender to stage major share price gains catalysed by mergers and acquisitions announcements.
Absa on Friday announced it intends to up its stake in Kenyan subsidiary Absa Bank Kenya to 85% from 68.5% in a R4bn transaction…
Only investors with 7,520 NCBA shares or more have been offered cash-and-stock compensation to meet the condition of holding at…
The ratings agency says Absa’s planned stake hike in Kenya unit carries low execution risk
