Connect with us

Business News

KCB Group and National Bank Shares suspended following a potential merger



The shares of KCB group and NBK have been suspended from
trading at the Nairobi Securities Exchange after information on their potential
merger surfaced.

It is said that KCB group plans acquire assets of the
struggling National Bank of Kenya which recorded a 98 percent decline in net
earnings in 2018.

In line with the Capital Markets regulations, NSE has suspended the two banking stocks as they wait for more information to be released to the public.     

More to follow…….

Source link