A notice by National Bank of Malawi (NBM), dated 6th December 2019 has shown that the firm has developed an interest in acquiring a controlling stake in a yet undisclosed financial institution outside Malawi, as the company’s secretary outlined that the development may affect the NBM plc share price.
The report reads, “Stakeholders are therefore advised accordingly to exercise caution in dealing with their shares in the Company until a further announcement is made.” said the notice.
The notice also adds that any further developments on the matter will be communicated.