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Ex-Equity boss sells Sh4.8 billion Britam stake to Swiss reinsurer

Former Equity Bank Chairman Peter Munga (PHOTO: FILE)

NAIROBI, KENYA: Businessman Peter Munga’s Plum LLP wants to sell its entire stake in Britam to Switzerland-based firm Swiss Re Asset Management Geneva SA.

Britam said in a statement on Monday that Plum LLP had entered into a share purchase agreement with Swiss Re in a deal that will see the latter purchase 348.5 million shares from the former.

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