Kenya: Shareholders Clear Britam's Real Takeover

20 February 2014

BRITISH American Insurance Company says its likely to complete the takeover bid for underwriter Real Insurance by end March as it eyes entry into new markets and growth of its general insurance portfolio.

Under the deal which shareholders approved yesterday during an extraordinary general meeting held in Nairobi, the owners of Real who will be paid partly cash and the rest through share allocation stand to make a huge gain.

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