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NSSF Uganda buys stake in Equity after stock sale

Ugandans have acquired a minority stake in Equity Bank, through their public pension scheme. Equity Group announced yesterday that National Social Security Fund (NSSF Uganda) had bought over 90 million shares, equivalent to a 2.44 per cent stake.

The estimated value of the transaction is Sh4.5 billion, for a part stake until the sale held by Africa focused investment firm Helios.

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