Mauritian Govt Agrees to Buy 25% of Britam Holdings of Kenya

May 5, 2016

Nation buys stake held by Mauritian businessman Dawood Rawat’s BAI Co. for 2.9b rupees following agreement signed with Britam investors on April 29, Mauritius Financial Services Minister, Roshi Bhadain says in Parliament.

* Govt to disburse initial payment of 2.6b rupees to escrow account for payment of claims by May 15
* NOTE: June 2015, Britam of Kenya’s Biggest Holder Has Stake Put Up for Sale. Source: Bloomberg