KCB Bank Announces Plan To Buy BPR #rwanda #RwOT

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Banque Populaire du Rwanda PLC. has finally found a suitor after Equity Bank aborted plans to acquire majority stake earlier this year.

Kenya Commercial Bank (KCB)  has announced interest to acquire 62.06% stake in BPR from  current manor shareholder, Atlas Mara Ltd.

The take over will have to be subjected approvals from the Central Bank of Kenya, the National Bank of Rwanda, the COMESA Competition Commission and the Capital Markets Authority, KCB Group said in a statement.

Once approved, KCB plans to make an offer to Arise BV (Norfund, Rabobank, and FMO) who holds 14.6% stake and minority shareholders with 23.3%

 

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The post KCB Bank Announces Plan To Buy BPR appeared first on Taarifa Rwanda.

Source : https://taarifa.rw/kcb-bank-announces-plan-to-buy-bpr/