Equity Group Holdings Completes Procredit Bank Acquisition

(Last Updated On: September 30, 2015)

equity

Kenya’s Equity Group Holdings has finally fully completed acquisition of 79% stake in Procredit Bank Congo 4 months after announcing the take over.

Equity Bank spent 70,897,782 shares in a share exchange purchase. This means the sellers got a shareholding into Equity Group Holdings in exchange for their shares in Procredit Bank Congo. This was the announcement made.

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