Absa raises Kenya unit stake to 72% through tender offer

Traders monitor their screens at the Nairobi Securities Exchange (NSE) as Absa Bank Kenya PLC (ABK) starts trading, formerly as Barclays in Nairobi, Kenya February 19, 2020. REUTERS/Njeri Mwangi

JOHANNESBURG, Aug 19 (Reuters) – South Africa’s Absa Group said on Wednesday it had acquired about 3.5% of its Kenya unit through a tender offer, lifting its stake to roughly 72%.