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AON stake sale earns Centum Sh1 billion

Centum Investments chief executive officer James Mworia. The company recently earned over Sh1 billion from the sale of its 21.5 per cent stake in AON. PHOTO | ROBERT NGUGI

Centum Investments booked a Sh1 billion gain from the sale of its 21.5 per cent stake in insurance brokerage AON in February.

The Nairobi Securities Exchange (NSE)-listed company had bought the shares at a price of Sh12.2 million indicating that the investment grew exponentially in the 17 year-period it held on to it.

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