Housing Finance notifies watchdog of IFC 5pc acquisition

The HF Group’s head office at Rehani House in Nairobi. FILE PHOTO | NMG

The International Finance Corporation (IFC) is set to acquire a 5.08 per cent stake in mortgage firm HF (Housing Finance) on completion of buying a 10.37 per cent stake in insurance firm Britam.

Britam owns 48.8 per cent of HF, part of which will now be indirectly owned by the IFC once it buys into the insurer.

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