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Former Britam staff take Sh40bn real estate deal

Acorn Group CEO Edward Kirathe (right) and Cytonn CEO Edwin Dande when they announced deal. PHOTO | FILE

Four former executives of Britam’s asset management unit, who resigned as a group last month, have taken away multi-billion shilling real estate projects from their previous employer.

A private equity fund formed by the executives, Cytonn Investments, was Wednesday appointed the lead transaction advisors for a Sh40 billion property deal that was to be previously undertaken by Britam.

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