UAP-Old Mutual Holdings chairman Joe Wanjui and director James Muguiyi have agreed to sell their combined six per cent stake, or 12.7 million shares, in UAP Holdings for about £24 million (Sh3.12 billion).
Johannesburg-headquartered conglomerate Old Mutual said it had reached a deal to buy out the two remaining local anchor shareholders in UAP Holdings, in a deal valuing the non-banking financial services firm at about £400 million (Sh52.01 billion).
