Britam not in a rush to sell 48.2pc stake in loss-making HF


Business Daily | by Constant Munda

Britam Holdings says it will only consider offloading part of its 48.22 percent in HF Group to strategic investors in the medium term when it expects its multibillion-shilling investment to have rebounded to a profit.

Britam doubled its shareholding in HF Group in 2014 and 2015 using part of the cash it raised from continued sale of part of its shares in Equity Group.

Britam has, nonetheless, continued to book significant paper loss on its exposure in the mortgage lender as a result of…

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