Nedbank has completed its acquisition of NCBA, paying Sh23.2 billion in the deal. The transaction positions NCBA as a subsidiary of Nedbank. NCBA will continue to be listed on the Nairobi Stock Exchange. Nedbank holds approximately 34 per cent of NCBA’s issued shares. The acquisition marks a significant expansion for Nedbank in the East African financial sector. NCBA remains operational under its current management. The deal was finalized following regulatory approvals. The merger aims to enhance financial services in the region. NCBA’s shareholders approved the transaction. The takeover is expected to strengthen Nedbank’s market position. The deal was announced in early 2024. Regulatory authorities cleared the transaction. The acquisition is part of Nedbank’s growth strategy. NCBA’s listing on the NSE will remain unaffected. The merger is a key step in Nedbank’s regional expansion. The transaction was structured as a share purchase agreement. The deal was finalized in June 2024. The acquisition is subject to certain conditions. The transaction was approved by both companies’ boards. The merger is expected to improve service delivery. NCBA’s operations will continue as usual. The deal reflects growing consolidation in the East African banking sector.