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Naonal Bank of Canada has acquired an addional 8%
shareholding in AfrAsia Bank, bringing its total equity stake
to 17.5%. This addional investment further reinforces the
long-term partnership intended to create value for both
AfrAsia Bank and Naonal Bank of Canada (NBC), while also
pung NBC as AfrAsia’s second largest shareholder.
This increase in parcipaon by NBC occurred following
a rights issue launched and completed by AfrAsia Bank,
which saw the bank raise addional capital of MUR 920m.
The successful compleon of the capital increase marks a
decisive step in the connued expansion of AfrAsia Bank in
the region and internaonally, as it paves the way to exploit
opportunies while further boosng profitability.
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NATIONAL BANK OF CANADA
INCREASES ITS SHAREHOLDING IN
AFRASIA BANK TO 17.5%