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6 Pages«<456
Coop Bank 2019
Ericsson
#101 Posted : Wednesday, June 17, 2020 6:41:09 AM
Rank: Elder


Joined: 12/4/2009
Posts: 8,682
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.
KaunganaDoDo
#102 Posted : Wednesday, June 17, 2020 11:04:46 AM
Rank: Member


Joined: 8/6/2018
Posts: 265
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

Ericsson
#103 Posted : Wednesday, June 17, 2020 2:29:42 PM
Rank: Elder


Joined: 12/4/2009
Posts: 8,682
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
Ericsson
#104 Posted : Thursday, July 02, 2020 1:32:42 PM
Rank: Elder


Joined: 12/4/2009
Posts: 8,682
Location: NAIROBI
Now we wait to hear Spire bank suitor.
Ericsson
#105 Posted : Thursday, July 02, 2020 9:09:17 PM
Rank: Elder


Joined: 12/4/2009
Posts: 8,682
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.
obiero
#106 Posted : Thursday, July 02, 2020 9:18:50 PM
Rank: Elder


Joined: 6/23/2009
Posts: 12,788
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 5,500 ABP12.6; HF 30,000 ABP 5.90; KCB 7,500 ABP 36; KQ 414,100 ABP 7.92
Ericsson
#107 Posted : Sunday, July 05, 2020 12:04:44 PM
Rank: Elder


Joined: 12/4/2009
Posts: 8,682
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
Ericsson
#108 Posted : Tuesday, July 07, 2020 11:41:29 AM
Rank: Elder


Joined: 12/4/2009
Posts: 8,682
Location: NAIROBI
Ericsson
#109 Posted : Thursday, July 16, 2020 12:48:06 PM
Rank: Elder


Joined: 12/4/2009
Posts: 8,682
Location: NAIROBI
https://www.businessdail...3340-uf2wb1z/index.html

Another weak bank that is a target for acquisition
kmucheke
#110 Posted : Thursday, July 16, 2020 2:06:08 PM
Rank: Member


Joined: 3/16/2019
Posts: 139
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.
Ericsson
#111 Posted : Wednesday, July 22, 2020 4:49:43 PM
Rank: Elder


Joined: 12/4/2009
Posts: 8,682
Location: NAIROBI
https://www.businessdail...040-10qgt2xz/index.html

Figure will exceed the ksh.1 billion
Angelica _ann
#112 Posted : Wednesday, July 22, 2020 6:52:56 PM
Rank: Elder


Joined: 12/7/2012
Posts: 11,648
Ericsson wrote:
https://www.businessdailyafrica.com/corporate/companies/Co-op-to-pump-more-capital-into-Jamii-Bora-after-buyout/4003102-5597040-10qgt2xz/index.html

Figure will exceed the ksh.1 billion


https://www.businessdail...596066-mgrgkq/index.html
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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