I&M Holdings (Kenya) completes acquisition of 90% of issued share capital of Orient Bank Limited Uganda

By Published On: May 4th, 2021Categories: Corporate announcement, Earnings

I&M Holdings Plc (IMH) issued a Cautionary Announcement on 17th July 2020 in respect of its proposed acquisition of 90% of the issued share capital of Orient Bank Limited (“OBL”), a licensed and well-established commercial bank incorporated in the Republic of Uganda. IMH is pleased to inform its shareholders and the investing public that all of the regulatory and corporate approvals having been received and each of the conditions precedent to completion of the transaction having been fulfilled, the acquisition transaction was completed on the 30th April 2021.

By order of the Board

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I&M Group Plc (IMH.ke)

Share price: 33.30 Shillings ▲ (0.70 | 2.15% – 21/01/25)

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