1st Apr 2014 10:32
LONDON (Alliance News) - Old Mutual PLC Tuesday said its transaction to acquire a majority share in Faulu Microfinance Bank Ltd, the deposit-taking microfinance business in Kenya, has become unconditional.
The development marks the official start of Old Mutual's partnership with Faulu in Kenya.
Old Mutual provides life assurance, asset management, banking and property & casualty insurance to more than 16 million customers in Africa, the Americas, Asia and Europe
Old Mutual shares were Tuesday quoted at 201.67 pence, up 0.3%.
By Samuel Agini; [email protected]; @samuelagini
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