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Documents delay Chase Bank takeover bid

Central Bank of Kenya headquarters in Nairobi (PHOTO: FILE)

NAIROBI, KENYA: The much-anticipated takeover of Chase Bank has been put on hold in what insiders attributed to confusion in gazetting the switchover.

The Central Bank of Kenya (CBK) was supposed to publish the takeover bid of the troubled lender by the State Bank of Mauritius (SBM) on Friday, but failed to do so after information emerged that documentation was not ready.

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