Britam acquires Sh9 billion expansion revenue after sale of 24.6 per cent stake

Britam Group MD Dr Benson Wairegi during Friday's Extraordinary General Meeting at the Safari Park Hotel

Insurance group Britam has succeeded to raise Sh9 billion for expansion after selling 24.67 per cent of its stake.

Shareholders Friday gave the nod to have Britam sell 360,888,281 million new ordinary shares at a subscription price of Sh15.85 per share to private equity firm AfricInvest.