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CDC Group acquires 10.68% stake in I&M Holdings

Britishdevelopment finance institution CDC Group Plc completed the acquisition of a 10.68%stake in Kenya's I&M HoldingsLtd., the latter said Oct. 3.

Thestake was acquired from France's Proparco and Germany's . CDC Group becomes I&M Holdings' fourth-largestshareholder, Kenya's Business Daily reportedOct. 4.

Proparcois the private sector financing arm of Agence Française de Développement. DEG is an arm ofKfW.I&M Holdings is the parent of I&M Bank Ltd.