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| Group Managing Director and CEO of EGHL CEO James Mwangi |
NAIROBI, KENYA: Equity Group Holdings Limited has entered into an agreement with ProCredit Holding AG and Co. KGaA (PCH), Belgische Investeringsmaatschappij Voor Ontwikkelingslanden N.V (“BIO”) and Stichting DOEN (“DOEN”) to acquire 79 per cent of the issued share capital of ProCredit Bank Congo S.A. (“ProCredit”), a public limited liability company established in the Democratic Republic of Congo (“DRC”).
Completion of the transaction is subject to regulatory approval in Kenya and the Democratic Republic of Congo.
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