The shareholder fight at Old Mutual Holdings has turned the spotlight on the ownership of three properties worth a total of Sh3.9 billion after the insurer distanced itself from the assets.
Billionaire businessman Joel Kibe, who has 1.54 million shares in Old Mutual, obtained a court order on August 22 that stopped the company’s board of directors from selling or transferring its assets -- Equity Centre, Union House and Telkom Plaza, which house major corporate tenants in Nairobi.
