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Kenya's Equity in share purchase agreement for Congolese bank

Equity Group Chief Executive Officer James Mwangi (PHOTO: Standard)

Equity Bank has proposed to acquire 66.53 per cent issued shares of a Congolese bank (Banque Commerciale du Congo)

The share purchase agreement with George Arthur Forest will enable the Kenyan lender to amalgamate the business of Banque Commerciale du Congo (BCDC) with that of its existing banking subsidiary in the democratic republic of Congo, Equity Bank Congo SA.

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Equity Group Holding