Nedbank Moves to Acquire Majority Stake in East Africa’s NCBA Group
StartUp Magazine | 23.01.2026 22:05
Nedbank Moves to Acquire Majority Stake in East Africa’s NCBA Group. Nedbank Group Limited has submitted an offer to acquire approximately 66 percent of NCBA Group PLC, marking a proposed expansion of its presence in East Africa’s financial services sector. The total purchase consideration is valued at about R13.9 billion, calculated using a Nedbank issue price of ZAR 250.00 per share.
