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High Court freezes Equity acquisition of Spire Bank

Spire Bank’s employees sue to block the acquisition, arguing their employer had kept them in the dark over the acquisition.

Justice onyangoNaushad meraliTom oderoMaureen onyangoNational bankLabour relations courtSpire bankBank insuranceCentral bankSpire bank onEquatorial commercial bankCompetition authority of kenyaEquity bankHigh courtFinance unionCompetition authority

Equity Spire deal hit roadblocks in board resignation, union suit

A Spire Bank board member resigned last week in protest following a resolution to sell the bank’s good books to Equity Bank.

David wachiraKenneth otienoJustice maureen onyangoNaushad meraliTom oderoChristine sabwaBenson milaiA spire bankSpire bankCentral bankSpire bank onEquity bankEquity spireUmwalimu saccoWycliffe osoroFinance union

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