UAP Holdings directors Joe Wanjui and James Muguiyi are yet to complete their sale of a combined six percent stake in the insurer for Sh3.1 billion to Old Mutual despite earlier announcements that the transaction was completed in November 2018.
The delay in sealing the deal is a signal that it may have been held up by regulatory issues. The transaction was still pending as of last month but UAP expects it to be completed this year.
