Live Breaking News & Updates on சிஇஎன்டியுவ்எம் முதலீடு நிறுவனம்

Stay updated with breaking news from சிஇஎன்டியுவ்எம் முதலீடு நிறுவனம். Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

Wanjui, tycoon pocket Sh3bn in UAP share sale


Wanjui, tycoon pocket Sh3bn in UAP share sale
Summary
Businessmen Joe Wanjui and James Muguiyi have completed the sale of a combined six percent stake in insurance firm UAP Holdings to South African multinational Old Mutual Holdings for R437 million (Sh3.2 billion).
Old Mutual announced in August 2018 that it would buy a total of 12.7 million of the insurer’s shares from the two shareholders but only started the purchases last year, according to disclosures in UAP’s latest annual report.
It acquired 2.8 million shares from Mr Muguiyi in the year ended December and purchased the remaining 9.8 shares earlier this year. ....

Nairobi Area , South Africa , United States , South African , Chris Kirubi , Mwai Kibaki , Joe Wanjui , James Muguiyi , Arthur Oginga , Life Assurance , Holdings To South African , Faulu Microfinance Bank , Old Mutual Life Assurance Company , Centum Investment Company , University Of Nairobi , Old Mutual Holdings , Development Corporation , Old Mutual , Khoja Mosque , Unilever East Africa , Commercial Development Corporation , Kenya Treasury , Faulu Microfinance , Mutual Life Assurance Company , Assurance Limited , நைரோபி பரப்பளவு ,