Kenya’s Capital Markets Regulator (CMA) has clarified that it has not received any formal application from KCB Group on its intention to acquire National Bank of Kenya.
In a notice sent through the Nairobi Securities Exchange, CMA noted;
“The attention of the Capital Markets Authority has been drawn to the continued media reports on possible acquisition of majority shares of National Bank of Kenya Limited by KCB Group Plc. We wish to clarify that no regulatory filings have been made to the Authority by KCB Group regarding this matter and no confirmation of the existence of such a transaction has been received.”
“In view of this, members of the public are advised to exercise caution when dealing with the shares of both KCB Group and National Bank limited. An appropriate announcement shall be made in the event that details of such a transaction (if any) are filed with the Authority as required by the applicable Regulations.”
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