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Ericsson		#101 Posted : Wednesday, June 17, 2020 6:41:09 AM
Rank: Elder Joined: 12/4/2009 Posts: 10,816 Location: NAIROBI		https://www.businessdail...77708-blrput/index.html Transaction to be concluded in July. Cooperative bank will likely merge/absorb Jamii Bora with coop bank. Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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KaunganaDoDo		#102 Posted : Wednesday, June 17, 2020 11:04:46 AM
Rank: Member Joined: 8/6/2018 Posts: 299		Ericsson wrote: https://www.businessdailyafrica.com/corporate/companies/Co-op-Bank-finalises-talks-on-Jamii-Bora-acquisition/4003102-5577708-blrput/index.html Transaction to be concluded in July. Cooperative bank will likely merge/absorb Jamii Bora with coop bank. 1 Billions shillings for 90% Acquisition, with 100% board seats...Ksh 4.46 per share BUYOUT OFFER TERMS
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Ericsson		#103 Posted : Wednesday, June 17, 2020 2:29:42 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,816 Location: NAIROBI		KaunganaDoDo wrote: Ericsson wrote: https://www.businessdailyafrica.com/corporate/companies/Co-op-Bank-finalises-talks-on-Jamii-Bora-acquisition/4003102-5577708-blrput/index.html Transaction to be concluded in July. Cooperative bank will likely merge/absorb Jamii Bora with coop bank. 1 Billions shillings for 90% Acquisition, with 100% board seats...Ksh 4.46 per share BUYOUT OFFER TERMS Means co-op bank will run Jamii Bora as a subsidiary then later on they will make a decision of whether to absorb its business fully into co-operative bank Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Ericsson		#104 Posted : Thursday, July 02, 2020 1:32:42 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,816 Location: NAIROBI		Now we wait to hear Spire bank suitor. Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Ericsson		#105 Posted : Thursday, July 02, 2020 9:09:17 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,816 Location: NAIROBI		KaunganaDoDo wrote: Ericsson wrote: https://www.businessdailyafrica.com/corporate/companies/Co-op-Bank-finalises-talks-on-Jamii-Bora-acquisition/4003102-5577708-blrput/index.html Transaction to be concluded in July. Cooperative bank will likely merge/absorb Jamii Bora with coop bank. 1 Billions shillings for 90% Acquisition, with 100% board seats...Ksh 4.46 per share BUYOUT OFFER TERMS Cooperative bank will inject ksh.1bn into Jamii Bora and appoint a new board to run the lender. Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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obiero		#106 Posted : Thursday, July 02, 2020 9:18:50 PM
Rank: Elder Joined: 6/23/2009 Posts: 14,301 Location: nairobi		Ericsson wrote: KaunganaDoDo wrote: Ericsson wrote: https://www.businessdailyafrica.com/corporate/companies/Co-op-Bank-finalises-talks-on-Jamii-Bora-acquisition/4003102-5577708-blrput/index.html Transaction to be concluded in July. Cooperative bank will likely merge/absorb Jamii Bora with coop bank. 1 Billions shillings for 90% Acquisition, with 100% board seats...Ksh 4.46 per share BUYOUT OFFER TERMS Cooperative bank will inject ksh.1bn into Jamii Bora and appoint a new board to run the lender. Boss moves by the Kingdom Bank COOP, IMH, KEGN, KQ, MTNU
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Ericsson		#107 Posted : Sunday, July 05, 2020 12:04:44 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,816 Location: NAIROBI		obiero wrote: Ericsson wrote: KaunganaDoDo wrote: Ericsson wrote: https://www.businessdailyafrica.com/corporate/companies/Co-op-Bank-finalises-talks-on-Jamii-Bora-acquisition/4003102-5577708-blrput/index.html Transaction to be concluded in July. Cooperative bank will likely merge/absorb Jamii Bora with coop bank. 1 Billions shillings for 90% Acquisition, with 100% board seats...Ksh 4.46 per share BUYOUT OFFER TERMS Cooperative bank will inject ksh.1bn into Jamii Bora and appoint a new board to run the lender. Boss moves by the Kingdom Bank They should bid for Spire bank too,that may propel them to reclaim third spot in terms of assets Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Ericsson		#108 Posted : Tuesday, July 07, 2020 11:41:29 AM
Rank: Elder Joined: 12/4/2009 Posts: 10,816 Location: NAIROBI		https://www.businessdail...588988-h2amu8/index.html Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Ericsson		#109 Posted : Thursday, July 16, 2020 12:48:06 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,816 Location: NAIROBI		https://www.businessdail...3340-uf2wb1z/index.html Another weak bank that is a target for acquisition Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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kmucheke		#110 Posted : Thursday, July 16, 2020 2:06:08 PM
Rank: Member Joined: 3/16/2019 Posts: 313		Ericsson wrote: https://www.businessdailyafrica.com/corporate/companies/Credit-Bank-Sh1-billion-deal-with-Dutch-PE-fund-stalls/4003102-5593340-uf2wb1z/index.html Another weak bank that is a target for acquisition Quote: We confirm that the fate of the deal is not related to the allegations against the bank’s CEO recently published in Kenyan media,” Oikocredit said in response to media queries. Last month, Credit Bank chief executive Betty Korir was summoned to the Directorate of Criminal Investigations to provide more information on a financial deal involving Sh200 million after an anonymous whistle-blower associated the deal to money laundering. I missed the expose on the money laundering claims. Anyone with details? Small banks are usually susceptible to AML and KYC risks.
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