Kirubi receives Sh348m extra in BIC buyout deal

Businessman Chris Kirubi. FILE PHOTO | NMG

Businessman Chris Kirubi has received an additional Sh348 million as part of his staggered payment following the sale of his BIC stationery, lighters and shavers franchise to French multinational Société BIC, which owns the brand.

Mr Kirubi, through his manufacturing unit Haco Industries Kenya Limited, was paid an initial Sh703 million in the deal which was completed on December 31, 2018.

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