Kenya: I&M Seals Giro Bank Deal, Awaits Regulators' Consent

8 September 2015

I&M Holdings plans to acquire Giro Commercial Bank subject to getting approval from the central bank, the Capital Markets Authority, Competition Authority of Kenya and its shareholders, it announced yesterday.

The deal signed on Saturday will see the medium-sized financial services firm buyout the bottom-tier lender for an undisclosed amount, the Nairobi Securities Exchange-listed firm said in a statement.

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