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Nedbank's NCBA buyout offer opened May 29 at Sh105, offering shareholders a 20.3% gain above NSE prices. Muhoho Kenyatta stands to be the biggest individual winner.
Muhoho Kenyatta, son of Kenya's founding president Jomo Kenyatta, holds 227.3 million NCBA shares worth Sh20 billion ($153.8 million), the largest disclosed individual fortune on the Nairobi Securities Exchange.
Muhoho Kenyatta rejoins NCBA as a non-executive director amid ongoing Standard Bank buyout talks shaping Kenya’s banking industry.