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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.

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