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Nairobi was buzzing this week when Nedbank Chief Executive Jason Quinn landed in town with one mission — defend a jaw-dropping deal. The South African banking giant has tabled about $855 million (Shs3.01 trillion) for a 66 percent stake in NCBA Group, valuing one of East Africa’s biggest banks at roughly 1.4 times book value. In a market where recent …
Read More »BIG BET OR BIG RISK? Nedbank’s 1.4x premium pay for NCBA takeover raises eyebrows
