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Equity Bank founder eyes Sh6 billion stake in Britam

Equity Bank Board Chairman Peter Munga during the lender’s Annual General Meeting recently. Munga and his business associates plan to buy a 23.34 per cent stake in British-American Investments (Britam).(PHOTO: DAVID GICHURU/ STANDARD)

Equity Bank founder Peter Munga and his business associates plan to buy a 23.34 per cent stake in British-American Investments (Britam).

The shares they are seeking to purchase had been seized by the government of Mauritius from a disgraced businessman.

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