Advisers line up for Sh77m payout from Family Bank listing
Nairobi, June 21 -- Transactional advisers and other professionals facilitating the listing of Family Bank shares are in line for a Sh77.2 million payday, making them the latest beneficiaries of renewed deal-making activity in Kenya's capital markets.
Providers of marketing and advertising services will take the bulk of the budget, with the bank setting aside Sh50 million to publicise its listing by introduction.
The transaction adviser, Standard Investment Bank Limited, is set to earn Sh8.5 million.
The reporting accountant, PricewaterhouseCoopers, will receive Sh7 million, while legal adviser Mboya Wangong'u & Waiyaki Advocates will be paid Sh5.25 million.
Listing cost
The professional fees amount to 0.258 percent of the transactio...
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