Nigeria’s Access Bank to Buy Kenyan Lender in Yet Another Tie-Up
The Competition Authority of Kenya gave Nigeria’s biggest lender the go-ahead to acquire 93.57% of Transnational Bank Ltd., as consolidation in the East African nation’s banking industry gathers pace.Access Bank Plc’s purchase follows the merger of NIC Group Plc and Commercial Bank of Africa Ltd., and KCB Group Ltd.’s acquisition of National Bank of
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