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Chase sells subsidiary to support bank’s capitalisation

Chase Bank has sold its investment banking arm, Genghis Capital, in a deal that will raise fresh capital for the bank.PHOTO: COURTESY

Chase Bank has sold its investment banking arm, Genghis Capital, in a deal that will raise fresh capital for the bank.

Details of the buyout, however, remain scanty with insiders declining to reveal the transaction value of this latest acquisition by Pamoja Capital, a Nairobi-based corporate advisory firm.

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