Absa to Lift Kenya Unit Stake to 85% in $239 Million Tender
South Africa’s Absa Group Ltd. plans to raise its stake in its Kenyan unit to 85% through a $238.7 million tender offer, underscoring its confidence in East Africa’s growth prospects.
By Rene Vollgraaff · Bloomberg Markets
South Africa’s Absa Group Ltd. plans to raise its stake in its Kenyan unit to 85% through a $238.7 million tender offer, underscoring its confidence in East Africa’s growth prospects.