Fidelity Bank of Kenya Sells Stake to Duet Group of U.K

March 23, 2016


Fidelity Bank of Kenya Sells Stake to Duet Group of U.K Lender sells undisclosed amount of shrs to British fund manager for 1.9b shillings, Nairobi-based newspaper reports, citing Fidelity Commercial Bank CEO Sultan Khimji.

* Transaction subject to regulatory approval, doubles Fidelity’s capital;
* Duet Group will get seats on lender’s board. Source: Bloomberg