AIG set to earn Sh2bn in deal with NCBA Group

NCBA Group managing director John Gachora. FILE PHOTO | DIANA NGILA | NMG

US-based finance and insurance corporation American Insurance Group (AIG) is set to earn at least Sh2 billion from the disposal of its majority shareholding in AIG Kenya Insurance to NCBA Group.

AIG is the only other shareholder in AIG Kenya Insurance, holding a stake of 66.67 percent as at the end of last year, according to disclosures by the multinational.

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