Billionaire investor John Kibunga Kimani has acquired additional shares of Nation Media Group #ticker:NMG, raising his stake in the Nairobi Securities Exchange-listed firm to Sh348.6 million as per current market prices.
The investor bought 297,400 NMG shares last year, increasing his shareholding to 1.73 per cent from 1.57 per cent in 2015. The extra stock has a market value of Sh31.8 million based on the company’s closing price of Sh107 per share on Thursday.
