trending Market Intelligence /marketintelligence/en/news-insights/trending/kGhiBH0n8DVWc5bPO9z3Pg2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In this list

Commercial Bank of Africa shareholders approve merger with fellow Kenyan lender

Street Talk Episode 56 - Latest bank MOE shows even the strong need scale to thrive

South State CenterState MOE Shows Even The Strong Need Scale To Thrive

Talking Bank Stocks, Playing The M&A Trade With Longtime Investor

Report: Kashkari Says Fed In Holding Pattern But Rate Cut Still Possible

Commercial Bank of Africa shareholders approve merger with fellow Kenyan lender

Kenya-based Commercial Bank of Africa Ltd. said March 15 that its shareholders accepted the share swap terms of a merger with fellow Kenyan bank NIC Group Plc, Reuters reported.

Following completion of the deal, Commercial Bank's shareholders will own 53% of the new combined entity while NIC Group's shareholders will control the remaining 47%, the report noted.

"As a result of the share exchange transaction, it is proposed that NIC Group will acquire sole control of CBA and its subsidiaries," the bank said according to the report, citing a statement published in Kenyan newspapers.