Magazine date:
Jan 2022 
Britam 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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