LOLC Mauritius acquires majority stake in Key Microfinance Bank Plc

KENYA – LOLC Mauritius, a firm organised under Mauritius laws and owned by LOLC Holdings, Sri Lanka’s second largest publicly traded company by revenue, has received regulatory approval to acquire a 73.2 percent stake in Key Microfinance Bank Plc. The lender, which formerly traded as Remu, is selling shares to the multinational at a cost of KSh237 million (US$2.09m). Finance…

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