NCBA Shares to be Suspended from Trading Following Nedbank Acquisition

NCBA Group Plc will suspend shares trading on the Nairobi Securities Exchange (NSE) effective October 21, 2026, following the completion of Nedbank Group's acquisition of a 66% controlling stake.

Acquisition Details

Nedbank Group has acquired 1,087,362,891 ordinary shares valued at an estimated Ksh 110 billion, with NCBA shareholders tendering a total of 1,316,357,895 shares.

NCBA will continue to be listed on the NSE, with the remaining 34% of issued shares being held by the public. The suspension of trading will enable the reconciliation of the Share Register, with trading set to resume on November 2, 2026.

Source: KBC Digital. AI-assisted summary.