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Nigerian top lender buys out Centum from Sidian for Sh4.3b

Access Bank is set to buy out the entire stake of Centum Investment in Sidian Bank. [Wilberforce Okwiri, Standard]

Nigerian top lender Access Bank is set to buy out the entire stake of Centum Investment in Sidian Bank for Sh4.3 billion, its second acquisition in the Kenyan market.

The deal will see Access Bank take over the 83.4 per cent that has been in the hands of Centum and its subsidiary Bakki Holdico Ltd in what will increase the size of Nigerian banks in Kenya.

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