South Africa: Massive Share Dilution Expected as Financial Giants Battle for Controlling Interest in NBK

Nairobi — According to confidential documents seen by The EastAfrican, the Privatisation Commission - the ultimate authority on sale of government assets - has recommended that the National Bank of Kenya be sold through a trade sale.

This is another way of saying that the bank should be sold to an existing investor in the same line of business - another commercial bank as opposed to, say, selling the bank to a wealthy private equity firm or financial company with neither interests nor experience in the banking sector.

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