Nedbank Group's takeover offer for NCBA Group PLC closed on 10 July 2026, with shareholders tendering over 1.3 billion shares—far exceeding the 66% stake initially sought.Valid acceptances covered 79.9% of NCBA's issued shares, with 55.88% from standard pro-rata allocations and 24.02% from excess applications.Nedbank is expected to hold a 66% controlling stake, while the remaining 34% will stay with other shareholders.

Regulatory approvals from Kenya’s Capital Markets Authority, South Africa’s Prudential Authority, and regional competition bodies have been secured, though some approvals remain pending.

Settlement of payments to accepting shareholders will begin once the deal becomes unconditional, with completion anticipated by late Q3 or early Q4 2026.NCBA will remain listed on the Nairobi Securities Exchange (NSE) despite the takeover, as the 34% free float meets listing requirements.Temporary trading suspension is expected from the settlement date, resuming after 10 trading days.