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Kenya's Plum LLP plans to buy a 23.34 percent stake in insurer British-American Investments Co (Britam) that had been seized by the government of Mauritius from a disgraced businessman in 2015, the privately owned firm said on Monday.
Plum said it expected the acquisition was expected to be completed by July 31 and would raise its shareholding in Britam to 38.54 percent. It gave no financial details.
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