NCBA Group plans to buy an additional 66.67 percent stake in AIG Kenya Insurance Company Limited from an American multinational in a deal that will see it take full ownership of the insurer.
The firm said on Monday its board has given the green light to the proposed transaction, which if successful, will see it take control of the insurer that is majority-owned by American International Group (AIG) Inc, a US multinational with operations in more than 80 countries.
