Stanbic clears legal hurdles for CFC merger
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Stanbic clears legal hurdles for CFC merger UPDATED 03 Jun 2008 | 11:31  
Stanbic clears legal hurdles for CFC merger

NAIROBI (Reuters) - Kenya's Stanbic bank on Friday cleared two legal hurdles for its merger with CFC bank after paying security deposits for two ongoing cases against it, lawyers said.

"We've complied with all the laws as ordered by the courts and the transaction has been consummated," Githu Muigai, a lawyer for Stanbic, told Reuters by telephone.

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