Mauritian firm pays Sh6.5bn for I&M stake

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I&M branch in Nairobi. FILE PHOTO | NMG

UK development finance institution British International Investment (BII) will receive Sh6.5 billion from the sale of its 10.13 percent stake in I&M Group to East Africa Growth Holding.

East Africa Growth Holding is a limited liability company registered in Mauritius and is affiliated with AfricInvest, a private equity investor with investments in more than 200 companies in 35 African countries including Kenya.

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