Britam Holdings to sell its stake in Equity Group

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Britam-HoldingsBritam Holdings is selling its stake in Equity Group Holdings to the International Finance Corporation (IFC), a member of the World Bank.

The transaction involves the sale of 251.1 million shares at a price of 55 KES (0.5 USD) each. The transaction is valued at a total of 13.9 billion KES (121.85 million USD).

The sale allows Britam Holdings to reduce the volatility of its profits, which is mainly due to equity investments.

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Mon, 03/01/2022 - 09:23
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