Absa Group is planning to increase its ownership interest in its Kenyan unit to 85% through a tender offer valued at about $238.7 million (reported as $239 million). The move involves acquiring an additional 16.5% stake from other shareholders. The offer is set at a 20% premium to the 30-day average share price, according to one report. Bloomberg also describes the tender as part of Absa’s strategy and links it to the group’s view of growth prospects in East Africa. The tender offer price and premium indicate that Absa is seeking to consolidate control by bringing the remaining shares into its Kenyan subsidiary while compensating current holders above the recent trading average. The reports focus on the size of the stake increase, the cash value of the offer, and the pricing terms, with both sources presenting the same target ownership level and overall transaction value.