Author: Khusoko

Khusoko provides market insights into Africa's business investment as well as global trends that impact East African businesses.

Standard Africa Holdings Limited, the majority shareholder in Stanbic Holdings has completed the acquisition of additional shares in the company. This raises its total shareholding to 296,188,531 shares equivalent to 74.9 percent of the company’s ownership. “Pursuant to various extensions granted by the Capital Markets Authority, SAHL is pleased that it has now completed the acquisition of the additional shares that have brought its overall shareholding to 74.92 percent of the total issued share capital of Stanbic Holdings,” said SAHL in a notice. “SAHL has, therefore, ceased acquiring additional shares in Stanbic Holdings.”  SAHL had targeted to acquire a maximum…

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