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Stanbic Africa Holdings Ltd (SAHL) has offered to pay Sh5.61 billion to acquire an additional 59 million shares in Stanbic Holdings Plc subject to regulatory approvals.
According to SAHL, a private limited liability company with a registered office in the United Kingdom, the deal will see it pay Sh95 for every ordinary share to take its shareholding in Stanbic Holdings above the current 60 per cent.
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