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Old Mutual, major shareholder of UAP Holdings

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Magazine Issue: 
The year 2014: upsides and downsides [3]
Magazine date: 
Jan 2015

Old Mutual announced last monday the purchase of new shares in the capital of UAP Holdings, becoming thus the major shareholder of the Kenyan insurer with 60.7% that is 155.5 million USD.

The Anglo South African group has already acquired 23.5% of UAP group in early January for a sum of 97.6 million USD.

As a reminder, the UAP Holdings group is present in seven African countries: Kenya, Uganda, Rwanda, Tanzania, Southern Sudan, Mauritius and the Democratic Republic of Congo.

Wed, 28/01/2015 - 16:14

Source URL: https://www.atlas-mag.net/en/article/old-mutual-major-shareholder-of-uap-holdings

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