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NAIROBI: Mauritius is not in a hurry to sell a 23 per cent stake in British-American Investments Company Kenya (Britam), which it seized from a disgraced tycoon, because its share price is too low, the government’s receiver said last week.
Mauritius seized Dawood Rawat’s assets in early April after accusing him of running a ponzi scheme through a Mauritian insurer, sending Britam’s shares down by almost 25 per cent.
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