Equity Group in talks to buy controlling stake in DRC bank

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.

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Equity BankEquity GroupJames Mwangi