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kenya business

Now Victoria bank buys top kindergarten in debt deal

businessdailyafrica.com/bd/cor...

submitted about 4 years ago by smuchiri

Now Victoria bank buys top kindergarten in debt deal

submitted about 4 years ago by smuchiri

Now Victoria bank buys top kindergarten in debt deal
  • Victoria Commercial Bank is acquiring a 24.89 percent stake in a Nairobi-based Kindergarten through a debt swap deal due to the school's loan repayment struggles.
  • The Competition Authority of Kenya has approved the deal, allowing the bank to become a significant shareholder in Montessori Learning Centre Limited, reflecting a rare purchase of a school by a lender.
Read more on businessdailyafrica.com
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