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New Deal


Announced

Access Bank to acquire National Bank of Kenya from KCB Group.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Banks

Kenya

banks

Acquisition

Cross Border

Pending

Single Bidder

Majority

Private

Friendly

Synopsis

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Access Bank, a provider of commercial banking services, agreed to acquire National Bank of Kenya, a provider of commercial products and financial solutions, from KCB Group, a non-operating holding company. Financial terms were not disclosed. “This transaction represents what we believe is a great opportunity to maximize value for our shareholders while strengthening the competitive position for the Group. The past four years have been defining for NBK as a KCB Group subsidiary and this step marks the opening of new opportunities,” Paul Russo, KCB Group CEO.

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