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Liberty Kenya to sell Tanzania stake amid Sh4bn claim
The Liberty Life Managing Director, Abel Munda (left) engages in a discussion with the Liberty Kenya Holdings Plc Chairman Phillip Odera (centre) and Heritage Insurance Managing Director, Godfrey Kioi during the annual general meeting of Liberty Kenya Holdings Plc.
Liberty Kenya Holdings is in talks with an undisclosed buyer to sell its entire stake in Heritage Insurance Company Tanzania in a deal that will mark the end of its over 25-year stay in the neighbouring country.
The Kenyan listed insurer, which holds a 60 percent stake in the Tanzanian unit, said the buyout talks are at an advance stage without giving details.
