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Banking Group I&M Set To Pay USD 33.6m For Orient Bank Uganda Take Over

By Hannington MbabaziNovember 9, 2020 2

Banking group I&M Holdings PLC which is part of the I&M Group will pay USD 33.6m (Shs112 billion) to acquire a 90 per cent stake in Uganda’s Orient Bank, according to disclosures in a circular to shareholders. This website has learnt that the shares will be bought from Hemlata Karia, Jay Karia, Morka Holdings Limited,…

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I&M Signs Agreement to Acquire 90% of Orient Bank Uganda

By Hannington MbabaziJuly 20, 2020 0

I&M Holdings PLC has issued a cautionary announcement advising its shareholders of a proposed transaction between the bank and Uganda’s Orient bank Limited, which may affect the value of its shares. In the proposed transaction, I&M plans to acquire 90% of the ownership of the Ugandan bank. “Shareholders of I&M Holdings Plc are advised that…

Browsing: Orient Bank Ltd

Banking Group I&M Set To Pay USD 33.6m For Orient Bank Uganda Take Over

I&M Signs Agreement to Acquire 90% of Orient Bank Uganda