Britam completes sale of Sh14 billion stake in Equity

britam tower, britam kenya

Business Daily | by Edna Mwenda

Insurance firm Britam Holdings has completed the sale of its 6.7 percent stake in Equity Group to the International Finance Corporation (IFC), raising Sh13.9 billion from the transaction.

The deal was completed on Tuesday, the parties announced. The insurer is expected to have booked major gains in the deal which could boost its earnings in the half year ending June…

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