Billionaire investor Baloobhai Patel has purchased an additional 8.8 million shares of Co-operative Bank of Kenya worth Sh145.2 million, raising his stake to a new high of 1.7 percent at the end of January.
Mr Patel has been accumulating shares of the company for years, with his purchases bringing his stake closer to that of Co-op Bank chief executive Gideon Muriuki who remains the top individual investor with an ownership of two percent.
