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Swiss Re Owns 15.79% of Britam Holdings after Jimnah Mbaru Sells 50 million Shares

David Indeje is Khusoko’s Digital Editor, covering East African markets.
Jimnah Mbaru Sells 50 million Shares

Dyer & Blair chairman Jimnah Mbaru I Courtesy

Swiss Re, one of the worlds leading providers of insurance products and listed on the main segment of the SIX Swiss Exchange, now owns 15.79% of Britam Holdings PLC for 50 million shares through a private transaction.

This makes it the third-largest investor after Equity Holdings and Private Equity firm AfricInvest.

“These shares were acquired from Jimnah Mbaru (the ‘Transferor’) through a private transaction under Regulation 57(d) of Capital Markets (Licensing Requirements) (General Regulations, 2002,” said the Capital Markets in a Notice.

Upon completion of the transaction, Swiss Re will hold fifteen decimal seventy-nine percent of the total Issued ordinary shares of Britam Holdings PLC.

The shares have a market value of KSh 425 million as per the closing price at the Nairobi Securities Exchange on 17th April 2019.

David Indeje is Khusoko’s Digital Editor, covering East African markets.

In my role as Community Engagement Editor For Khusoko, I care about our audience. engaging them, getting news delivered to them across a variety of platforms, and expanding the diversity of voices on our website.

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