Nedbank completes acquisition of 66% stake in NCBA

Bitget2026/11/05 05:05

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Nedbank Group’s November 5, 2026 final offer results confirmed completion of its acquisition of a 66% stake in NCBA Group.
The transaction’s cash portion totaled KES 23.23 billion, equivalent to ZAR 2.93 billion.
Consideration included 43,631,052 newly issued shares, bringing the acquirer’s total shares outstanding to 520,903,680.
Final acceptances covered 1,316,022,844 NCBA shares, representing 79.88% of issued shares, before scaling and allocation.
NCBA will remain listed on the Nairobi Securities Exchange.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Nedbank Group Ltd. published the original content used to generate this news brief via SENS, the regulatory disclosure system operated by the Johannesburg Securities Exchange (JSE) (Ref. ID: S606040), on November 05, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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华尔街见闻•2026/11/10 23:03