South African based Liberty Holdings, and the largest shareholder in Liberty Kenya, plans to increase its ownership in Liberty Kenya from 57% to 73% by acquiring 49.5 million ordinary shares of the listed insurer from KFAMF Sellers and 34.7 million ordinary shares from Coronation Sellers.
Liberty Holdings owns 309.33 million ordinary shares in Liberty Kenya, equivalent to 57.7% of the company. By purchasing an additional 84.24 million shares, the South African firm will increase its ownership in Liberty Kenya from 57.7% to 73.5%.
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.
Login if you have purchased
