Douglas Mwiti 
Nedbank Group Limited announced that its proposed acquisition of approximately 66% shareholding in NCBA Group PLC (NCBA) is complete making NCBA a subsidiary of Nedbank.
Nedbank Group CE Jason Quinn described the deal as the start of a new chapter and a major milestone for both organisations.
By connecting two strong banking platforms across Southern and East Africa, we are creating new opportunities for our clients and shareholders,while supporting greater trade, investment and growth across the continent.
We are proud to welcome NCBA to the Nedbank Group.”
Speaking about the finalisation of the deal, NCBA Group Chief Executive Officer John Gachora said:
“This is a proud moment for NCBA and a powerful endorsement of the strength of our business,our people and the markets we serve”.
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