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Absa Sells Two Kenyan Insurers to Mudavadi-Linked Investment Firm

Absa Group is selling its 63.32% stakes in two Kenyan insurers to First Assurance Investments, a Mudavadi-linked firm, for at least US$29 million.

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riotimesonline.comStai leggendo5 h fa

Absa Group is selling its 63.32% stakes in two Kenyan insurers to First Assurance Investments, a Mudavadi-linked firm, for at least US$29 million.

Sources close to the transaction reckon that Absa Group will seek at least Sh3.8 billion for the two stakes.