NCBA Group has announced a temporary suspension of its shares on the Nairobi Securities Exchange (NSE) following the completion of South African lender Nedbank Group’s acquisition of a controlling stake in the Kenyan bank.
In a notice issued on Wednesday, October 21, 2026, NCBA said trading in its shares would stop at the close of business that day and remain suspended until Monday, November 2, to allow the bank to reconcile its shareholder register.
Trading is expected to resume on Tuesday, November 3, when the transfer of shares to Nedbank and payments to shareholders who accepted the takeover offer are scheduled to begin.
The suspension follows the fulfilment of the regulatory requirements and other conditions needed for Nedbank’s offer to become unconditional.
Nedbank Takes Control of NCBA
Nedbank is acquiring approximately 1.087 billion ordinary shares in NCBA, representing about 66 per cent of the bank’s issued share capital.
The transaction, valued at approximately KSh110 billion, gives the South African lender a controlling stake in one of East Africa’s major financial services groups.
Under the offer, shareholders who accepted the deal are entitled to a combination of newly issued Nedbank shares and a cash payment, in accordance with the offer terms.
NCBA said settlement payments would begin on November 3, with the process expected to be completed within 14 trading days of the offer becoming unconditional.
The bank also expects to announce the final results of the offer in early November.
NCBA Will Remain Listed on the NSE
Despite the change in ownership, NCBA will retain its listing on the Nairobi Securities Exchange.
Nedbank’s acquisition will make NCBA a subsidiary of the South African banking group, while the remaining 34 per cent of NCBA’s shares will continue to be held by public investors.
The transaction gives Nedbank a foothold in East Africa through NCBA’s established banking operations, digital services and regional network.
For NCBA, the partnership is expected to provide opportunities to expand its services and strengthen its position in the regional financial services market.
NCBA Group Managing Director John Gachora has described the deal as an important milestone for the bank, saying Nedbank’s backing would strengthen its capabilities and support future growth.
Investors will be watching the November 3 reopening date as the bank completes the transition following the takeover.
NCBA Group has announced a temporary suspension of its shares on the Nairobi Securities Exchange (NSE) following the completion of South African lender Nedbank Group’s acquisition of a controlling stake in the Kenyan bank.
In a notice issued on Wednesday, October 21, 2026, NCBA said trading in its shares would stop at the close of business that day and remain suspended until Monday, November 2, to allow the bank to reconcile its shareholder register.
Trading is expected to resume on Tuesday, November 3, when the transfer of shares to Nedbank and payments to shareholders who accepted the takeover offer are scheduled to begin.
The suspension follows the fulfilment of the regulatory requirements and other conditions needed for Nedbank’s offer to become unconditional.
Nedbank Takes Control of NCBA
Nedbank is acquiring approximately 1.087 billion ordinary shares in NCBA, representing about 66 per cent of the bank’s issued share capital.
The transaction, valued at approximately KSh110 billion, gives the South African lender a controlling stake in one of East Africa’s major financial services groups.
Under the offer, shareholders who accepted the deal are entitled to a combination of newly issued Nedbank shares and a cash payment, in accordance with the offer terms.
NCBA said settlement payments would begin on November 3, with the process expected to be completed within 14 trading days of the offer becoming unconditional.
The bank also expects to announce the final results of the offer in early November.
NCBA Will Remain Listed on the NSE
Despite the change in ownership, NCBA will retain its listing on the Nairobi Securities Exchange.
Nedbank’s acquisition will make NCBA a subsidiary of the South African banking group, while the remaining 34 per cent of NCBA’s shares will continue to be held by public investors.
The transaction gives Nedbank a foothold in East Africa through NCBA’s established banking operations, digital services and regional network.
For NCBA, the partnership is expected to provide opportunities to expand its services and strengthen its position in the regional financial services market.
NCBA Group Managing Director John Gachora has described the deal as an important milestone for the bank, saying Nedbank’s backing would strengthen its capabilities and support future growth.
Investors will be watching the November 3 reopening date as the bank completes the transition following the takeover.