I&M to Acquire 90% of Orient Bank Uganda

I&M to Acquire 90% of Orient Bank Uganda

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 per cent of the ownership of the Ugandan bank.

Kenyan firm I&M to buy Orient Bank Uganda