Thursday, July 12, 2007

Kenya's Equity Bank to buy stake in mortgage firm

(Reuters) - Kenya's Equity Bank and insurance firm British American Investments Company (BAIC), plan jointly to buy a 24.9 percent stake in Housing Finance, the companies said on Thursday.

"Equity advises its shareholders that the bank and BAIC ... have concomitantly signed a conditional sale and purchase agreement with CDC Group for the transfer of 24.9 percent shareholding in mortgage firm, Housing Finance," the companies said.


Read more at Reuters Africa

No comments: