NSE-listed investments firm Centum has received approval from the competition watchdog to acquire a controlling stake in a tier-three lender through its newly established subsidiary. CAK has allowed Bakki Holdco Ltd, its fully-owned subsidiary, to acquire an additional 65.9 per cent shareholding in K-Rep Bank, raising Centum's influence in the SME-focused lender to 67.56 per cent stake. K-Re Bank, in which Centum first invested in 2004, had asset worth Sh13.9 billion as at June 30. Major institutional investors in the small lender include the International Finance Corporation, the World Bank'...
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