Africinvest Agrees to Acquire 14.3% Stake in Britam of Kenya

 In news

Africinvest III, a special purpose vehicle managed by Africinvest Capital Partners Management, signs agreement to acquire 360.9m shares at 15.85 shillings apiece, Britam Holdings says in a statement in Daily Nation newspaper.

* DEG, FMO, Proparco are party to share subscription agreement;
* Transaction is subject to regulatory and investor approval;
* NOTE: Sept. 15, IFC Completes Acquisition of 10.37% Stake in Britam of Kenya. Source: Bloomberg

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