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Originally published by Capital Businessbusiness
February 23, 2026
18h ago
78pc of Nedbank shareholders back NCBA purchase
In January, Nedbank submitted a tender offer to acquire approximately 66 percent of NCBA’s ordinary shares, a move that would hand it a controlling stake in the Kenyan financial services group if successful. Kenya breaking news | Kenya news today |..
✨ Key Highlights
Support for Nedbank Group's proposed acquisition of a 66 percent stake in NCBA Group has reached 77.54 percent among Nedbank shareholders.
- The acquisition would give Nedbank a controlling stake in the Kenyan financial services group.
- Nedbank, a South African lender, has also secured an exemption from Kenya's Capital Markets Authority (CMA) for a mandatory takeover offer.
- Shareholders accepting the offer will receive 20 percent in cash and 80 percent in Nedbank shares.
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