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Home Companies Company News

Deal: GTBank To Acquire 70% Stake In Kenyan Bank

Ugodre Obi-chukwu by Ugodre Obi-chukwu
July 19, 2013
in Company News, Corporate deals
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Guaranty Trust Bank Plc (GTBank)  Thursday said it had reached an agreement to acquire a 70 per cent stake in Kenya’s Fina Bank Limited for $100 million.

However, the agreement is subject to customary regulatory approvals in Kenya, Nigeria, Rwanda and Uganda.
Headquartered in Kenya, Fina Bank also operate in Rwanda through its 92 per cent owned subsidiary Fina Bank Rwanda Limited and in Uganda through its fully owned subsidiary Fina Bank (Uganda) Limited.

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Tags: GT BankNews Review
Ugodre Obi-chukwu

Ugodre Obi-chukwu

Ugo Obi-Chukwu "Ugodre" is the Founder, Publisher, and Chief Analyst of Nairametrics, a leading business and financial news online platform in Nigeria. Ugo is also the Chief Editor of the Nairametrics “Blurb” Opinion pages. Follow Ugodre on Twitter @ugodre and Instagram @ugodre Email: ugodre@nairametrics.com

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