Businessman Jimnah Mbaru has sold 5.5 million shares of Britam, #ticker:BRIT cutting his stake in the insurer to a new low of 10.05 per cent.
Mr Mbaru’s trades are disclosed in a circular sent by the Nairobi Securities Exchange-listed firm in relation to the sale of a 10.37 per cent stake to International Finance Corporation (IFC) for Sh3.5 billion.
