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Equity Group in talks to buy controlling stake in DRC bank

By Reuters | September 9th 2019 at 14:37:40 GMT +0300

Equity Group said on Monday it has entered talks with some shareholders of Banqué Commerciale du Congo (BCDC) to buy a controlling stake in the Congolese bank, stepping up its Africa expansion.

Equity, which already runs another subsidiary in the DRC, said the talks were likely to result in a cash transaction. It did not identify the BCDC shareholders who are selling.

Equity Bank Equity Group James Mwangi
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