Britam not in a rush to sell 48.2pc stake in loss-making HF

Britam Holdings #ticker:BRIT says it will only consider offloading part of its 48.22 percent in HF Group #ticker:HFCK to strategic investors in the medium term when it expects its multibillion-shilling investment to have rebounded to a profit.

Britam doubled its shareholding in HF Group in 2014 and 2015 using part of the cash it raised from continued sale of part of its shares in Equity Group.