NSE-listed insurer Liberty Kenya Holdings
could buy out Dar es Salaam-based medical insurance firm Strategis as part of an ongoing restructuring of its Tanzanian business.
The insurer raised its stake in Strategis to 43 per cent last year from 39.18 per cent in 2012, investing about Sh10 million to buy the additional 3.86 per cent equity in a transaction that then valued the Tanzanian company at about Sh260 million.
Liberty says that it is in talks with its co-investors in the company that could see it take a majority stake or acquire all of Strategis’ shares.
http://www.businessdaily...8/-/f5qrwnz/-/index.html"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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