wazua Thu, Mar 19, 2026
Welcome Guest Search | Active Topics | Log In

31 Pages«<45678>»
Potential merger NIC + CBA
Options
Previous Topic · Next Topic
Ericsson
#51 Posted : Thursday, January 31, 2019 8:48:15 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
#Proposed CBA & NIC Group merger Joint press briefing.
The bank will operate a network of more than 100 branches across five regional economic centres including Nairobi, Kampala, Dar es Salaam, Kigali and Abidjan. Serving over 40 million customers, the merged entity will be the largest bank in Africa by customer numbers.

The merged entity will be amongst the largest financial institutions in the East Africa region with a total asset base in excess of KES 444 Billion and Shareholders’ Equity of KES 65 Billion.

The proposed merger will be executed through a share swap, with the 34 shareholders of CBA exchanging their shares in CBA for new shares in NIC, which will remain a publicly listed company quoted on the Nairobi Securities Exchange.

It will be the second largest bank in Kenya by customer deposits and third largest by total assets and a true market leader in Corporate Banking, Asset Finance and Digital Banking.

The envisioned share exchange ratio will be based on a 47:53 relative valuation of NIC and CBA respectively

The merger is expected to be completed in the second half of 2019. Until then, the two entities will continue to operate independently
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Back to top
WWW
  |
Ericsson
#52 Posted : Thursday, January 31, 2019 8:49:31 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
obiero wrote:
murchr wrote:
Horton wrote:
Just received a PDF talking about a potential merger between CBA & NIC it’s like a press statement





Does that mean NIC will be de-listed?

Yes. Its more than likely considering trends of other Kenyatta family enterprise


NIC bank won't be delisted
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Back to top
WWW
  |
Ericsson
#53 Posted : Thursday, January 31, 2019 8:54:46 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
VituVingiSana wrote:
sparkly wrote:
cyruskulei wrote:
mwekez@ji wrote:
obiero wrote:
sparkly wrote:
obiero wrote:
murchr wrote:
[quote=Horton]Just received a PDF talking about a potential merger between CBA & NIC it’s like a press statement





Does that mean NIC will be de-listed?

Yes. Its more than likely considering trends of other Kenyatta family enterprise


This is a reverse meeger. An easy way for CBA to become listed. Just like CFC-Stanbic and IM-City Trust.

In those examples you mention, both partner firms were listed already before the merger.. Secondly, name only one Kenyatta family company which is at the NSE.. It's not by coincidence, but choice, for well known reasons

Wacha kutudanganya @Obiero. I&M and Stanbic had not been listed before the merger. Only City Trust and CFC had been listed.



https://www.standardmedi...-of-africa-merger-talks[/quote]


Very welcome news indeed. Excellent opportunity to unlock the true value of NIC which lies somewhere between 60-75 per share. NIC is 11% of my portifolio ABP 29.6
60-75? That's ambitious BUT #TukoPamoja if it gets there!
Given the market and other banks PERs and PBs... 50/- is the max I think we can expect BUT I would love to be WRONG Pray Pray Pray and get 50+

@Sparkly #TukoPamoja in Stanbic or that's @Horton?
This one is a 120/- at the minimum even with all the drama. I think the SAcans will probably want to go private eventually.
I think they will creep up to 75% then try 90% and then delist. I Pray they pay us a good price 120-150 [higher the better] so we can #AcceptAndMoveOn


No payout or buyout of existing NIC Group Plc minority shareholders in the NSE
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Back to top
WWW
  |
Superprime1
#54 Posted : Thursday, January 31, 2019 9:07:35 AM
Rank: Member

Joined: 5/2/2018
Posts: 267
NIC Group will be the holding company of the merged businesses. Merger to be consummated through share swap, business and asset transfer, and share acquisitions in relation to various constituent group companies of NIC Group and CBA Group.

CBA will technically reverse-list.

CBA shareholders will own 53% of the issued shares in NIC Group, which will remain listed.
Back to top
  |
sparkly
#55 Posted : Thursday, January 31, 2019 9:19:35 AM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Superprime1 wrote:
NIC Group will be the holding company of the merged businesses. Merger to be consummated through share swap, business and asset transfer, and share acquisitions in relation to various constituent group companies of NIC Group and CBA Group.

CBA will technically reverse-list.

CBA shareholders will own 53% of the issued shares in NIC Group, which will remain listed.


Link?
Life is short. Live passionately.
Back to top
  |
Ericsson
#56 Posted : Thursday, January 31, 2019 9:22:01 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
sparkly wrote:
Superprime1 wrote:
NIC Group will be the holding company of the merged businesses. Merger to be consummated through share swap, business and asset transfer, and share acquisitions in relation to various constituent group companies of NIC Group and CBA Group.

CBA will technically reverse-list.

CBA shareholders will own 53% of the issued shares in NIC Group, which will remain listed.


Link?


https://twitter.com/hashtag/Merger2019?src=hash
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Back to top
WWW
  |
mlennyma
#57 Posted : Thursday, January 31, 2019 9:45:11 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Another counter is recovering my portfolio faster than I expected just after Kk boosted me,now kcb is my next hope
"Don't let the fear of losing be greater than the excitement of winning."
Back to top
WWW
  |
Superprime1
#58 Posted : Thursday, January 31, 2019 9:53:20 AM
Rank: Member

Joined: 5/2/2018
Posts: 267
Ericsson wrote:
sparkly wrote:
[quote=Superprime1]NIC Group will be the holding company of the merged businesses. Merger to be consummated through share swap, business and asset transfer, and share acquisitions in relation to various constituent group companies of NIC Group and CBA Group.

CBA will technically reverse-list.

CBA shareholders will own 53% of the issued shares in NIC Group, which will remain listed.


Link?


https://twitter.com/hashtag/Merger2019?src=hash[/quote]
Looks a good deal by and large, so far.
Back to top
  |
VituVingiSana
#59 Posted : Thursday, January 31, 2019 9:54:43 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
mlennyma wrote:
Another counter is recovering my portfolio faster than I expected just after Kk boosted me,now kcb is my next hope
Applause Applause Applause though I am an Equity not KCB fan but #TukoPamoja
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Back to top
  |
sparkly
#60 Posted : Thursday, January 31, 2019 10:38:54 AM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Superprime1 wrote:
Ericsson wrote:
sparkly wrote:
[quote=Superprime1]NIC Group will be the holding company of the merged businesses. Merger to be consummated through share swap, business and asset transfer, and share acquisitions in relation to various constituent group companies of NIC Group and CBA Group.

CBA will technically reverse-list.

CBA shareholders will own 53% of the issued shares in NIC Group, which will remain listed.


Link?


https://twitter.com/hashtag/Merger2019?src=hash[/quote]
Looks a good deal by and large, so far.


Excellent deal. Not far from my prediction of CBA:NIC 60%:40% share swap.
Life is short. Live passionately.
Back to top
  |
31 Pages«<45678>»
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Wazua Investor Theme
Powered by YAF | YAF © 2003-2009, Yet Another Forum.NET
Copyright © 2026 Wazua.co.ke. All Rights Reserved.