Crown Paints top owner raises stake to 66pc in rights issue

Crown Paints Kenya showroom in Nyali, Mombasa. FILE PHOTO | NMG

Belize-based investment firm Barclay Holdings has acquired an additional 4.63 percent stake in Crown Paints Kenya Plc, expanding its majority ownership to 66.68 percent according to April disclosures.

Acquisition of the extra stake, amounting to 6.5 million shares, came after the Nairobi Securities Exchange-listed firm implemented a rights issue last year.

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