Kenya’s Equity Bank to acquire Congolese lender at $105m
Equity Bank CEO James Mwangi during the release of Equity Group Holdings Plc quarter three 2019 Financial Results at Equity Centre on November 12, 2019. Equity Group is in the final stages of completing its takeover of the Banque commercial du Congo, (BCDC). PHOTO | SALATON NJAU | NATION MEDIA GROUP
Regional lender Equity Group is in the final stages of completing its takeover of the Banque commercial du Congo, (BCDC).
This follows an agreement with the majority shareholder—George Arthur Forrest and family—to acquire all the 625,354 shares (66.53 per cent) owned by the Belgian at a cost of $105 million.
