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The Standard Group Plc is a
multi-media organization with investments in media platforms spanning newspaper
print operations, television, radio broadcasting, digital and online services. The
Standard Group is recognized as a leading multi-media house in Kenya with a key
influence in matters of national and international interest.
Stanbic Africa Holdings Ltd (SAHL) has offered to pay Sh5.61 billion to acquire an additional 59 million shares in Stanbic Holdings Plc subject to regulatory approvals.
According to SAHL, a private limited liability company with a registered office in the United Kingdom, the deal will see it pay Sh95 for every ordinary share to take its shareholding in Stanbic Holdings above the current 60 per cent.
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