Top NCBA owners bought Sh39m shares ahead of the Nedbank deal

Author: Victor JumaPublished on: May 13, 2026Country: Kenya

Business & Economy

Top NCBA owners bought Sh39m shares ahead of the Nedbank deal

Major shareholders of NCBA Group purchased 449,509 shares for Sh38.8 million before Nedbank's offer to acquire 66% of the company. The shares were bought at an average price of Sh86.45, allowing investors to realize substantial gains. Nedbank's offer, submitted on January 21, 2026, aims to acquire 1.087 billion shares of NCBA at a price ranging from Sh100 to Sh105 per share.

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