Private equity firm Helios to sell half its stake in Kenya's Equity Bank

Tope Lawani, Co-Founder & Partner, Helios

Africa focused investment firm Helios will sell half its stake in Kenyan lender Equity Bank, or 12.22 percent of the bank’s shares, to Norway’s Norfininvest AS, the lender said on Friday.

The transaction, which requires regulatory approvals, will involve the sale of 452.9 million shares at an undisclosed price.

Equity’s shares were trading at 52 Kenyan shillings on Friday, up slightly from the previous day’s close of 51 shillings.

Read more: Helios to sell half its stake in Kenya's Equity Bank | Reuters.

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