Nigeria: Kunoch Holdings Buys 14.8 Percent Actis, CDC Stake in Diamond Bank

The management of Diamond Bank Plc, on Wednesday announced the acquisition of its 14.79 per cent of its issued share capital by Kunoch Holdings, from Actis LLP and CDC Group Plc.

Funds managed by Actis, a private equity investor specialising in investments in emerging markets, acquired a significant equity stake in the Bank in 2007, which are now coming to the end of its closed-end period.

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