Two-year window gives Munga upper hand in sale of Britam stock

The allowance of a two-year sale window has given billionaire investor Peter Munga an upper hand in selecting the strategic investor who will acquire a 23.3 per cent stake of Britam Holdings, which the businessman is set to acquire from the government of Mauritius.

The businessman says he will later this month purchase the extra shares –which were seized from disgraced former director and top shareholder Dawood Rawat— to give the Nairobi Securities Exchange-listed firm enough time to get a suitable investor.