Acquisition

8 Articles
Allianz acquires Jubilee Insurance
BUSINESSMARKETS

Jubilee Insurance Set To Change Name After Acquisition By Allianz

The acquisition, announced on 4th May 2021, follows the execution of an agreement signed on September 29, 2020, whereby Allianz agreed to acquire...

The Central Bank of Kenya has approved the acquisition of 100% shareholding in National Bank of Kenya by KCB Group. www.businesstoday.co.ke
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KCB Group Acquisition of National Bank Gets Central Bank Nod

Apex bank says the move will strengthen both institutions leveraging on their respective well-established domestic and regional corporate, public sector and retail franchises

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NBK gives shareholders last chance on KCB takeover

National Bank of Kenya (NBK) has issued an advisory circular to all its shareholders on the bid by Kenya Commercial Bank (KCB) for...

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UK firm bids to acquire Kenya’s Comarco for Sh3b

UK-based Anglo African Agriculture (AAA) has announced plans to acquire the entire issued share capital of a number of companies within Kenyan marine...

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KenolKobil set for another takeover bid?

Oil company has been restructuring its management and operations over the past one year

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Norfolk parent firm swallows Tune Hotel in buyout deal

AccorHotel’s has signed a management agreement to operate the Tune Hotel in Westlands, Nairobi. The agreement, viewed as an important step for AccorHotel’s...

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Mauritian bank to inject Sh2bn into Fidelity after acquisition

SBM Holdings Ltd (SBM Group) ofMauritius has concluded the acquisition of Fidelity Commercial Bank in Kenya through its subsidiary SBM Africa Holdings Ltd, marking...

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Equator Bottlers sold to Africa’s biggest Coca-Cola subsidiary

Coca-Cola Beverages Africa (CCBA) has acquired Kisumu-based Equator Bottlers, in one of the biggest buyouts in corporate Kenya in recent history. CCBA, Africa’s largest...