Kenya’s Equity Group to Pay $10 Million Less to Buy Congo Bank
- Kenya’s biggest lender withdrew 2019 dividend to conserve cash
- Equity ended talks on another acquisition due to the virus
The headquarters of Equity Group Holdings Ltd. stand in Nairobi.
Photographer: Riccardo Gangale/Bloomberg
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Equity Group Holdings Plc will pay $95 million instead of $105 million for a 66.53% stake in Banque Commerciale Du Congo because of the fallout from the coronavirus pandemic.