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    Khusoko – East African Markets
    MARKETS

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

    David IndejeBy David Indeje2019-04-18Updated:2019-04-18No Comments1 Min Read
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    Jimnah Mbaru Sells 50 million Shares
    Dyer & Blair chairman Jimnah Mbaru I Courtesy
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    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.

    Britam Holdings Jimnah Mbaru Swiss Re
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    David Indeje
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    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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