Kirubi delays buying of Sh2.7bn Centum stake

Billionaire investor Chris Kirubi. FILE PHOTO | NMG

Billionaire investor Chris Kirubi is yet to start buying additional shares in Centum Investment Company #ticker:CNTM after announcing on March 23 that he would spend about Sh2.7 billion to acquire an extra 20 percent stake in the company.

August regulatory filings show that the businessman still maintained a 30 percent equity in the company whose stock, at Sh20.95 apiece, is trading at a 70.6 percent discount to its net asset value per share of Sh71.3.

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