×
App Icon
The Standard e-Paper
Stay Informed, Even Offline
★★★★ - on Play Store
Download App

Britam completes sale of 10 per cent stake

Britam Group Managing Director Dr Benson Wairegi. Photo John Muchucha

Britam stocks rallied on Monday after the financial services firm announced that the World Bank had paid Sh3.6 billion for a 10 per cent stake, concluding the transaction announced early this year.

The firm’s shares closed trading as the top gainer at Sh14.75, up from Sh14 at Friday’s close and lifting its total capitalisation to Sh28.5 billion.

Premium Article

Get Full Access for Ksh299/Week.

Bold Reporting Takes Time, Courage and Investment. Stand With Us.
Continue Reading  →
What you get
  • Unlimited access to all premium content
  • Ad-free browsing experience
  • Mobile-optimised reading
  • Weekly newsletters & digests
Pay via
M - PESA
VISA
Airtel Money
Secure Payments Kenya's most trusted newsroom since 1902