×
App Icon
The Standard e-Paper
Smart Minds Choose Us
★★★★ - on Play Store
Download App

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.

Get Full Access for Ksh299/Week.
Fact‑first reporting that puts you at the heart of the newsroom. Subscribe for full access.
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in