I&M Acquires Proparco’s Stake in Tanzanian Unit

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Kenyan lender boosts stake to 70.38% from 55.03%, Nairobi-based newspaper reports, citing I&M Holdings annual report.

* Lender acquires 15.35% stake at 819.9m shillings;
* NOTE: March 21, I&M Rwanda IPO More Than Two Times Oversubscribed: Ministry. Source: Bloomberg

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