BRITAM buys 57.27m Housing Finance shares from Equity Group Holdings
107 views · Published 6 January 2015 · 0:40 · Indexed 24 October 2026
Channel: Daily Nation · 2015 · News & Politics
British-American Insurance Company Kenya has completed the purchase of 57.27 million shares of Housing Finance from Equity Group Holdings. The shares were valued at 47 shillings and 70 cents each bringing the total value of the transaction to 2.73 billion shillings. The transaction was completed on the 31st of December 2014. Equity paid an additional 48.54 million shillings as part of the Agreement between the parties. Britam and Equity entered into a share purchase agreement in respect of the shares on 30th June 2014. The transaction is informed by favorable changes in the legal framework of the banking industry, which now mean that Equity Bank is able to undertake the mortgage business without limitations. Keen on getting a slice of the pie in the real estate industry, Britam and Equity invested in Housing Finance in 2007. Visit our website www.nairobinews.co.ke Like us on Facebook www.facebook.com/nairobinews Follow us on Twitter www.twitter.com/nairobi_news
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