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Nigerian lender to acquire majority stake in Kenya's Sidian Bank

Centum Investments announced a binding agreement to sell 83.4pc stake in Sidian to Nigeria’s Access Bank.

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Kenya's Centum to sell Sidian Bank stake to Nigeria's Access Bank

Kenya s Centum Investment Co. Plc said on Tuesday it had agreed to sell its 83.4% stake in Kenya s Sidian Bank to Nigeria s Access Bank for 4.3 billion shillings . Centum said in a. | June 7, 2022

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Reuters

Access Bank to acquire Kenya's Sidian Bank for N15bn

Access Bank Plc says it has entered into an agreement to acquire the entire 83.4 percent equity stake held by Centum Investment Plc.

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

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.

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Once ailing banks get new lease of life from the industry's 'big boys'

Lenders, including Jamii Bora Bank, National Bank of Kenya (NBK), Transnational Bank (now Access Bank) and Mayfair Bank, which were struggling to keep their heads above the water.

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