NAIROBI (Reuters) – Shares in Kenya’s Centum Investment Co. Plc rose on Wednesday after the firm said it had agreed to sell its 83.4% stake in Kenya’s Sidian Bank for 4.3 billion shillings ($37 million).
Centum said the deal with Nigeria’s Access Bank, a subsidiary of Access Holdings, was subject to regulatory approval in Kenya and Nigeria.
Centum’s shares were up 10.7% to 10.80 shillings at 1022 GMT on the Nairobi Securities Exchange.
($1 = 116.9000 Kenyan shillings)
(Reporting by George Obulutsa; editing by Jason Neely)
