April 17, 2019 / 12:08 PM / 3 days ago

Kenya's NIC Group shareholders approve merger with CBA

NAIROBI, April 17 (Reuters) - NIC Group’s shareholders have approved its merger with the Commercial Bank of Africa, the company said on Wednesday, paving the way for the two companies to combine their operations.

The deal is subject to approval from regulators and NIC expects the process to be concluded in the third quarter of 2019. (Reporting by Omar Mohammed, editing by Louise Heavens)

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