Equity Group Holdings planning to acquire Rwandan Bank, Compagnie Générale de Banque
Equity Group Holdings has announced its intention to acquire Cogebanque PLC Ltd, a Rwandan bank, as part of its regional expansion strategy. The two banks have already signed a binding term sheet, and upon completion of the transaction, Equity will pay $48.1 million (Sh6.71 billion) for a 91.93% controlling equity stake.