September 9, 2019 / 10:30 AM / 6 days ago

Kenya's Equity Group in talks to buy controlling stake in DRC bank

NAIROBI, Sept 9 (Reuters) - Kenyan lender Equity Group said on Monday it has entered talks with some shareholders of Banqué Commerciale du Congo (BCDC) shareholders to buy a controlling stake in the Congolese bank, stepping up its Africa expansion.

Equity, which already runs another subsidiary in the DRC, said the talks were likely to result in a cash transaction. It did not identify the BCDC shareholders who are selling.

Reporting by Duncan Miriri, editing by Louise Heavens

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