Thndr Claps
  • U.S.
  • Egypt
  • Saudi
  • Thinkers
  • العربية
No Result
View All Result
Thndr Claps

Thndr Claps » EGY Claps » Financial Services 💸 » CIB acquires remaining stake in “Mayfair CIB”

CIB acquires remaining stake in “Mayfair CIB”

by Shams Abbas
January 28, 2023

The Clap
The Central Bank of Kenya has approved CIB’s acquisition of the remaining 49% stake in Mayfair Bank of Kenya.

What
IB had previously acquired 51% of the bank in a 2020 deal worth $35.35 million and the bank was subsequently renamed to “Mayfair CIB”.

So what
One goal of bank acquisitions is to increase the volume of business and improve the market share of the acquiring bank. Additionally, Mayfair CIB’s conditions have improved significantly since the first deal.

Now what
According to reports from the Central Bank of Kenya, the deal will be completed on January 31, 2023.

  • Click to share on Facebook (Opens in new window)
  • Click to share on Twitter (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on WhatsApp (Opens in new window)

Related Posts

Mergers & Acquisitions 🤝

Pachin receives its gazillionth offer

by Shams Abbas
March 21, 2023
Mergers & Acquisitions 🤝

Egypt Kuwait Holding acquires additional stake in its subsidiary

by Shams Abbas
March 20, 2023
Mergers & Acquisitions 🤝

Arab African Bank looks elsewhere to sell its Palm Hills stake

by Shams Abbas
March 12, 2023
Mergers & Acquisitions 🤝

Alex Bank to kick off state privatization program?

by Shams Abbas
February 20, 2023
Mergers & Acquisitions 🤝

Investors await Sidi Kerir’s acquisition of Ethydco

by Shams Abbas
February 16, 2023
Mergers & Acquisitions 🤝

Chimera Investments acquires 2.6% of EFG Hermes

by Shams Abbas
February 14, 2023

Website

Community

Blog

Learn

© Thndr. All rights reserved

No Result
View All Result
  • U.S.
  • Egypt
  • Saudi
  • Thinkers
  • العربية

Disclaimer: Thndr does not provide investment advice, individual investors are responsible for their own decisions or can seek independent advice. The value of investments can go up and down. Thndr is a trading name of Thndr Securities Brokerage which is authorised and regulated by the Financial Regulatory Authority (FRA). Registered in Egypt (no. 804)..© Thndr. All rights reserved

 

Hello👋 We want you to be able to express your opinions on anything and everything finance and economics related to the Egyptian and US markets.

This is why we introduced Thndr Thinkers💭

Let’s go through some housekeeping notes before you jump into publishing your article to all Thndr Claps readers!

Type of Content📝 We want to see market-relevant content that shows good analysis, please! Base your articles on facts 

Don’t be shy, explain🗣 Flex your knowledge to us, and we’ll share it with all the readers!

Be Original🙏 Please don’t copy. No one likes a copycat. All submissions are welcome as long as they’re yours 

Make your title attractive🤩 A title is like the cover of your book. Attractive enough to make you look at the book but also clear enough to tell you what the book is about.

Clean🧹 We’re all humans and we all make mistakes. But please try and clean up the article so it’s clear for all the readers 

No promotional content🚫 We don’t publish promotional content.

Any questions about becoming a Thndr Thinker? Email thndrclaps@thndr.app and we’d be happy to help!

Normally, your article will be published within 24 hours of submission (if you followed the guidelines)