Financial services firm Britam #ticker:BRIT has lost nearly Sh4 billion in paper wealth from its recent investment in mortgage financier HF Group #ticker:HFCK, whose share has sunk to a 15-year low after a turn of poor financial performance.
Britam has a 48.2 per cent stake in HF or 186.2 million shares, which are now valued at Sh1 billion.
