business
Nedbank secures targeted 66% stake in NCBA
Nedbank Group has secured its targeted 66% shareholding in Kenya's NCBA Group PLC after shareholders accepted its takeover offer for nearly 80% of the bank's issued shares.
Windhoek Observer22 Jul 2026, 05:13 am
Staff Writer
Nedbank Group has secured its targeted 66% shareholding in Kenya’s NCBA Group PLC after shareholders accepted its takeover offer for nearly 80% of the bank’s issued shares.
The banking group announced that shareholders tendered a total of 1.316 billion NCBA shares, representing 79.9% of the issued ordinary shares, following the close of the offer on 10 July 2026.
Originally published by Windhoek Observer on 22 Jul 2026, 05:13 am. View original article