I&M Holdings, Orient Bank chiefs laud deal in Uganda
I&M Holdings, Orient Bank chiefs laud deal in Uganda 04 I&M Holdings, Orient Bank chiefs laud deal in Uganda A deal reached between I&M Holdings Plc and 8 Miles LLP and Morka Holdings Limited to acquire majority stake at Orient Bank Limited paves way for a much stronger bank in Uganda. Currently OBL is the 12th largest licensed and established commercial bank in Uganda. I&M Group’s executive director, Sarit Raja Shah. I&M Holdings Plc and Orient Bank Limited signed an agreement in July 2020 to acquire 90 percent shareholding of the Ugandan entity. The acquisition was completed on 30th April...
Source: ippmedia.com