Nedbank Completes KSh23.2 Billion Cash Deal to Acquire 66% Stake in NCBA

NCBA Group PLC has confirmed the completion of Nedbank Group Limited’s partial offer to acquire a 66 per cent stake in the Kenyan financial services group.In a statement on Wednesday, November 4, NCBA disclosed that the transaction was completed on Tuesday, November 3, following the transfer of 1,087,362,891 ordinary shares from accepting shareholders to Nedbank through an on-market block trade at the Nairobi Securities Exchange (NSE).