US EditionCo-op Bank Kenya CEO Gideon Muriuki raises stake with $1.57 million share purchase
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Co-op Bank Kenya CEO Gideon Muriuki raises stake with $1.57 million share purchase
Gideon Muriuki isn’t backing down on his bet on Co-operative Bank of Kenya. The CEO has just snapped up 12 million more shares of the lender for KSh202.8 million, or about $1.57 million at current exchange rates, edging his stake up to 2.2% from 2%.The purchase, disclosed in a regulatory filing, makes Muriuki an even bigger presence in the bank’s ownership table. At a share price of KSh17, his total holding now stands at roughly 13.2 million sha…
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