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Diamond Trust Bank Kenya acquires additional stake in Burundi subsidiary

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Diamond Trust Bank Kenya acquires additional stake in Burundi subsidiary

Diamond Trust Bank Kenya Ltd. acquired a further 16.34% stake in its Burundi subsidiary from International Finance Corp. for 152.2 million Kenyan shillings, Business Daily Africa reported.

This deal increases the stake in the unit to 83.67% from 67.33%.

As of May 31, US$1 was equivalent to 101.15 Kenyan shillings.