TODAY IN BUSINESS Equity, which is Kenya’s largest lender by - TopicsExpress



          

TODAY IN BUSINESS Equity, which is Kenya’s largest lender by the number of customer accounts, has been negotiating the acquisition in the past few weeks amid stiff resistance from other brokers with an interest in the bank’s stock market portfolio. People familiar with the transaction said Equity Investment Bank, a subsidiary of Equity Bank, had acquired Francis at a price of Sh150 million. Francis Thuo is the broker that collapsed under the weight of illiquidity in 2006 and has recently fought protracted legal battles with the NSE to retain the seat at the bourse it has now sold to Equity Bank.
Posted on: Wed, 21 Aug 2013 06:57:43 +0000

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