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Will Equity benefit from Helios-Shell buyout plan
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VituVingiSana
#11 Posted : Friday, July 23, 2010 3:14:54 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
KulaRaha wrote:
how can Equity lend to a Helios owned company? that is insider lending and will have serious regulator requirements.
Huh? Nothing 'insider' coz Helios does NOT have a controlling interest in Equity Bank. Plus the deals/cash would be to Shell Dealers who are contracted with Shell/Helios. It is a loan like any other.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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mozenrat
#12 Posted : Friday, July 23, 2010 10:08:46 AM
Rank: Veteran

Joined: 5/18/2008
Posts: 796
KulaRaha wrote:
how can Equity lend to a Helios owned company? that is insider lending and will have serious regulator requirements.


Nevertheless, they can still lend to them.. Other than disclosure, what are the other requirements? I mean Directors are always taking insider loans and don't seem deterred.
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