Insurance group Britam #ticker:BRIT has sold 21.6 million shares of Equity Group #ticker:EQTY with a current market value of about Sh765 million, further reducing its ownership in Kenya’s second-largest bank.
This is the latest in a series of divestments from the lender as Britam seeks to comply with regulatory guidelines capping investment in a bank at 10 percent of an insurer’s total assets.
