KCB now to forcibly acquire remaining National Bank shares

KCB Group CEO Joshua Oigara at a recent media briefing. [Wilberforce Okwiri, Standard]

The Kenya Commercial Bank will forcibly acquire National Bank of Kenya shareholders who did not accept the offer to swap their shares for those of KCB.

According to KCB, 87 per cent of the ordinary shares were swapped by the offer closure date of August 30, 2019.