http://www.businessdaily...2/-/ns3mj8/-/index.html
Dominic Kiarie has been edged out after restructuring of the merged unit.He tendered his resignation.
The minority investors who bought during shares during rights issue may be bought out by old mutual.
A merger of the two business in place and shareholders in UAP will be offered stakes in the merged business (i.e Joe Wanjui,James Muguiyi etc).
The two entities will be combined and the combined value would be around sh.80bn really ??????
The combined business unit will list in the NSE in the next 18 to 30 months, conditional on a favourable market.
Old Mutual executives said the merged entity will have Mr Mwangi at the helm, with general managers,including
Banking,
Asset management
Insurance,
to be appointed for the respective business lines
Has the company now overtaken Britam and Jubilee to be the king?
Only time will tell
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Wealth=Income + Investments - Lifestyle