Mergers & Acquisitions
Regulation, Risk & Compliance
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Egypt lender buys Mayfair Bank stake for Sh3.7bn
Egypt’s largest private lender, Commercial International Bank (CIB), will inject Sh3.7 billion ($35 million) into Mayfair Bank following its acquisition of a majority stake in the Kenyan tier three lender. The acquisition by CIB, which now controls 51 percent shareholding in the bank, will see the lender operate under the…
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Click here to read the full story: Business Daily