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BRIEF-Britam says International Finance Corp to subscribe for minority stake in Britam Holdings
January 3, 2017 / 7:02 AM / a year ago

BRIEF-Britam says International Finance Corp to subscribe for minority stake in Britam Holdings

Jan 3 (Reuters) - Britam:

* Proposed subscription for a minority equity stake in Britam Holdings Ltd by International Finance Corp

* IFC will subscribe for 224.2 million ordinary shares to be issued by the co at a subscription price of 15.85 shillings per share

* IFC will hold about 10.37% of the issued ordinary shares of the co upon completion of subscription

Source text: (j.mp/2i4HTa0)

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