NAIROBI, Kenya, Oct 14 – Standard Bank Group, the parent company of Stanbic Holdings, is in talks to acquire NCBA Group, Bloomberg News has reported.
If successful, the deal would create Kenya’s third-largest lender after KCB Group and Equity Bank.
Following the news, NCBA’s share price surged 9.7 percent to close at Sh76.25 on Tuesday.
More to follow…….
