Centum Sells 60% of Nabo Capital to Rock Investment Bank

Rock Investment Bank Acquires Majority Stake in Nabo Capital as Centum's Holding Drops to 40%

Rock Investment Bank has acquired a majority stake in Nabo Capital Limited, meaning Nabo Capital will no longer sit within Centum’s group of subsidiaries. Instead, it will become an associate company, with Centum holding on to a 40% stake and stepping back into the role of strategic shareholder rather than parent. Centum said its interest … The post Rock Investment Bank Acquires Majority Stake in Nabo Capital as Centum’s Holding Drops to 40% fir…

Centum Sells 60% of Nabo Capital to Rock Investment Bank

Rock Investment Bank has become the majority owner of Nabo Capital after acquiring a 60 per cent stake in the investment management firm from Centum Investment Company, marking a significant shift in Kenya’s asset management industry. The deal, which has received approval from the Capital Markets Authority (CMA), sees Centum reduce its ownership in Nabo […]

Rock Investment Bank Acquires Majority Stake in Nabo Capital

Rock Investment Bank has acquired a 60 percent stake in investment management firm Nabo Capital from Centum Investment Company, taking majority ownership in a deal aimed at strengthening the firm’s growth and expanding its presence in Kenya and the wider region. The transaction leaves Centum with a 40 percent shareholding, meaning Nabo Capital will no longer be treated as a subsidiary of the investment company but will instead be accounted for a…

Centum sells 60pc of Nabo Capital to Kenyan investment bank

Transaction hands Rock Investment Bank immediate control of one of Kenya’s established investment managers.