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Absa Group launches $238.6 million Kenya bank stake bid
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Absa Group launches $238.6 million Kenya bank stake bid
South Africa's Absa Group has launched a KSh30.9 billion ($238.6 million) tender offer to raise its ownership stake in Absa Bank Kenya from 68.5 percent to 85 percent, deepening its commitment to East Africa's most competitive banking market at a time when South African lenders are aggressively expanding across the region.The tender offer is expected to open on June 30 and close on August 11, 2026, subject to approvals from Kenya's Capital Marke…
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